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FTX sues crypto miner Genesis Digital Assets for $1.15B
Yahoo Finance·2025-09-25 09:51

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The FTX Recovery Trust has sued crypto mining company Genesis Digital Assets for $1.15 billion in effort to claw back one of the “most reckless” investments made by former FTX CEO Sam Bankman-Fried. The former crypto billionaire began investing in Kazakhstan-based GDA, which is unrelated to cryptocurrency firm Genesis Global Capital, in 2021 through FTX’s subsidiary ...