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FTX customers file lawsuit seeking to recover crypto assets

FTX customers file lawsuit seeking to recover crypto assets

CBSN
Wednesday, December 28, 2022 06:35:41 PM UTC

A group of FTX Trading customers is suing the bankrupt cryptocurrency exchange, alleging that its top executives stole their digital assets and purposely blocked them from making withdrawals.

California resident Austin Onusz filed a class-action lawsuit Tuesday alongside three other FTX users from the Netherlands, Turkey and the United Kingdom. The complaint names FTX founders Sam Bankman-Fried and Gary Wang as defendants as well as Caroline Ellison, former CEO of FTX's hedge fund, Alameda Research. 

Bankman-Fried and Ellison knowingly sent customer crypto funds to Alameda Research without their consent, attorneys representing Onusz allege. 

Read full story on CBSN
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