FTX administrators seek recovery of $71 million from its philanthropic and life science entities

In a bid to recover funds for creditors, administrators overseeing the bankruptcy proceedings of crypto exchange FTX are pursuing the retrieval of over $71 million from the exchange’s philanthropic arm, the FTX Foundation, and Sam Bankman-Fried’s Latona life sciences fund. These entities had received investments totaling $71.5 million from FTX and Alameda Research, which were ... Read more