Crypto Mining Fraud

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Chapter 11 crypto exchange sues Bitcoin mining giant for $1.15 billion fraud
Yahoo Finance· 2025-09-23 21:56
The FTX Recovery Trust has sued the Bitcoin miner Genesis Digital Assets to recover $1.15 billion that it claims the bankrupt crypto exchange's co-founder, Sam Bankman-Fried "SBF," had fraudulently transferred, Bloomberg Law reported on Sep. 23. SBF commingled and misappropriated assets from the FTX business — mostly from customer deposits at the FTX.com crypto exchange — and transferred those funds to Genesis Digital, its affiliates, and its co-founders Rashit Makhat and Marco Krohn, the FTX trust has cl ...