FTX founder Bankman-Fried sued in US court over yield-bearing crypto accounts

2022/11/16 15:21

According to Reuters, FTX founder Sam Bankman-Fried has been sued in U.S. court by investors alleging the company's yield-bearing crypto accounts violated Florida law, according to court papers.
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S.
When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in damages, the lawsuit alleges.

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