TechFlow news: FTX filed a lawsuit on Thursday against its founder SBF and other former executives, seeking to recover $1 billion in funds allegedly misappropriated before FTX's bankruptcy.
The defendants named in the lawsuit include SBF, former Alameda Research CEO Caroline Ellison, former FTX technology director Zixiao Gary Wang, and former FTX engineering director Nishad Singh.
The legal filing details fraudulent transfers, including an illegal transfer of $725 million worth of equity, $546 million diverted by SBF for purchasing Robinhood shares, and $28.8 million taken by Ellison as personal bonuses.




