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FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery

FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery
FTX and its affiliated hedge fund firm Alameda Research are planning to recover USD71 million spent by the bankrupt cryptocurrency exchange on philanthropy. The lawyers representing the companies also plan to recover funds from FTX Foundation.Filed before a US bankruptcy court in Delaware, FTX's lawyers have accused several life sciences companies, including Lumen Bioscience Inc., Greenlight Biosciences Holdings, and Platform Life Sciences Inc., of allegedly receiving funds from the collapsed... Read More
Posted: Jul 20 2023, 14:38
Author Name: financemagnates
Views: 102346

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