FTX bankruptcy lawyers seek $323 million in compensation from FTX Europe leadership

ChainCatcher news, according to CoinDesk, FTX's bankruptcy lawyers have filed a motion in court to recover $323 million from the leadership of FTX Europe. This request is aimed at addressing the alleged illegal activities and economic losses caused by the bankruptcy of FTX Europe’s leadership.

Sam Bankman-Fried and FTX Group had paid approximately $323.5 million to acquire the Swiss company DAAG (later renamed FTX Europe). Lawyers claim that the leadership of FTX Europe received nearly $100 million in installment payments during the acquisition of K-DNA. However, the acquisition was ultimately completed for only two million euros.