FTX Sues Disgraced Founder SBF To Recoup $1 Billion of Doubtful Transactions

On Thursday, July 20, the FTX trading slapped a new lawsuit against disgraced founder Sam Bankman-Fried and other former executives in an effort to recoup more than $1 billion in questionable transactions. FTX filed the complaint in the Delaware bankruptcy court naming co-founder Gary Wang, who was also the chief technology officer.