While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first.
The lawsuit was filed on Dec. 27 in the United States Bankruptcy Court for the District of Delaware.
What the lawsuit seeks to obtain are the priority rights to return digital assets held by FTX US or FTX.com to its customers.
Any removal of customer funds from accounts was an “impermissible co-mingling, misappropriation, misuse, or conversion of customer property,” according to the complaint.
Recently the Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from FTX.
Another foul play was suspected when the crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, began transferring out funds just days after SBF was released on a $250 million bond.
Source: Cointelegraph