FTX customers filed a class action lawsuit against the failed cryptocurrency exchange and its former top executives, including Sam Bankman-Fried, seeking a declaration that the company’s digital asset holdings belong to customers.
The lawsuit is the latest legal attempt to seize FTX’s dwindling assets, which are already being contested by liquidators in the Bahamas and Antigua, as well as the bankruptcy estate of Blockfi, another failed crypto company. According to the lawsuit filed in U.S. Bankruptcy Court in Delaware, FTX promised to segregate customer accounts but instead allowed them to be misappropriated, and thus customers should be repaid first.
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