TechFlow news, according to court filings submitted on Wednesday, FTX and its sister company Alameda are seeking to recover more than $71 million from FTX's charitable division and other life sciences entities. This is the bankrupt company’s latest move to recover funds for customers.
Last month, Alameda’s lawyers sought to recover $700 million that FTX founder Sam Bankman-Fried apparently spent on building connections with celebrities and politicians. Earlier this month, FTX also asked the court to recover $323 million from the leadership team of the exchange’s European arm.
Lawyers said the FTX Foundation, in collaboration with Latona, received approximately $71.5 million from FTX and Alameda Research "to make investments and donations into life sciences companies to further Bankman-Fried’s personal ambitions."
