PANews reported on November 13 that according to Forbes, the FTX bankruptcy management team has filed 23 lawsuits against multiple entities, including Binance, Anthony Scaramucci and his SkyBridge Capital, Crypto.com, and Fwd.us, a lobbying organization supported by Mark Zuckerberg. These lawsuits aim to recover billions of dollars lost due to the collapse of FTX, including a lawsuit against Binance and former CEO Zhao Changpeng for as much as $1.76 billion.
The lawsuit documents pointed out that FTX founder Sam Bankman-Fried had carried out "influence buying" through sponsorships and donations to maintain his reputation and cover up the company's financial crisis. For example, FTX had invested in SkyBridge before its collapse and obtained investor support with the help of Scaramucci. These expenditures were accused of being "almost useless" to FTX and its creditors. For victimized investors, these lawsuits may be a ray of hope for recovering their losses, although the litigation process is complicated and the outcome is uncertain.
