FTX Trust подаёт иск на 1,15 млрд долларов против Genesis Digital, поскольку «генеральный менеджер» SBF из тюрьмы вызывает гнев общественности

cryptonews.ruPublished on 2025-09-12Last updated on 2025-09-24

  • SBF’s X account activity sparks scrutiny as he serves a 25-year federal prison sentence.
  • FTX Recovery Trust sues Genesis Digital to recover $1.15B in alleged customer fund misuse.
  • New lawsuit expands recovery efforts after prior $175M Genesis Global Trading settlement.

Sam Bankman-Fried’s verified X account surprised markets this week with a one-word post: “gm.” The short message was the first update since March and raised questions because inmates in federal prison cannot directly access social media.

gm

— SBF (@SBF_FTX) September 23, 2025

The account later clarified that a friend had posted on his behalf. Even so, the moment drew attention back to the former FTX chief, now serving a 25-year sentence tied to the exchange’s 2022 collapse.

Related: SBF Breaks Silence from Prison: Blasts Biden, SEC, and “Muffin” Currency

FTX Trust Files $1.15B Suit Against Genesis Digital

The account activity coincided with a new legal offensive. On September 22, the FTX Recovery Trust filed a lawsuit in U.S. Bankruptcy Court in Delaware, seeking $1.15 billion from Genesis Digital Assets Ltd. and its co-founders.

According to Bloomberg, the FTX Recovery Trust filed a lawsuit on September 23 in the U.S. Bankruptcy Court for the District of Delaware against Bitcoin mining firm Genesis Digital Assets and its co-founders Rashit Makhat and Marco Krohn, seeking to recover approximately $1.15…

— Wu Blockchain (@WuBlockchain) September 23, 2025

Judge Karen B. Owens will oversee the case. The complaint alleges that FTX customer funds were funneled through Alameda Research and used to buy inflated shares in Genesis Digital. Internal records described the valuations as “insane and off-market.”

More than half of the disputed money allegedly went to co-founders Rashit Makhat and Marco Krohn. The trust argues that Sam Bankman-Fried personally directed the transactions, despite concerns about unbuilt U.S. data centers and questionable financials.

Building the Recovery Track

The claim adds to a long list of recovery efforts since FTX’s collapse. Billions were moved from FTX.com to Alameda during 2021 and 2022. In 2023, the trust secured a $175 million settlement with Genesis Global Trading, a separate entity from Genesis Digital.

The latest case leans on bankruptcy law and Delaware statutes covering fraudulent transfers. Success would add to customer recoveries, though the process may stretch for years.

Related: FTX $1.6 Billion Creditor Payout Sept. 30 Turns Into Crypto’s Next Liquidity Test

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How Did Hundreds of Billions of Dollars Flow into SpaceX After Its Index Inclusion on June 26th? Will SpaceX Experience a Massive Price Surge?

Will SpaceX ($SPCX) stock surge when billions in passive index fund money flows in on the effective date? A common retail investor belief is that a massive wave of buying will hit on July 6th, when SpaceX joins the Nasdaq-100, potentially causing a huge price spike. However, the reality is far more complex and less dramatic. The anticipated billions are not controlled by a single entity but are spread across hundreds of passive fund managers (e.g., BlackRock, Vanguard) whose sole mandate is to minimize "tracking error." They aim to buy shares at prices as close as possible to the index's closing price on the effective date, not to aggressively drive the price up. There are two key index inclusion scripts: 1) For the Russell US Index (effective June 26th at close), buying is compressed into the final minutes via Market-On-Close (MOC) orders. 2) For the Nasdaq-100 (announced June 26th, effective July 6th), a 10-day window creates a layered game. Arbitrage funds buy early, betting on selling to passive funds later. Some index funds "front-run" by accumulating shares gradually before the deadline. The bulk of passive funds execute large MOC orders at the July 6th close, often trading directly with arbitrageurs. A critical wildcard is SpaceX's limited free float due to a standard 180-day post-IPO lockup. To avoid causing a massive price spike by competing for scarce shares on the open market, large funds will likely use off-exchange methods: 1) Negotiating large block trades (over-the-counter) with major holders. 2) Using derivatives like total return swaps with locked-up shareholders to gain economic exposure without physically buying the stock. Most of the index-driven buying will thus happen invisibly, not on public exchanges. For retail investors, trying to front-run these sophisticated flows is risky. More viable strategies include: waiting for post-inclusion volatility to subside before establishing a long-term position, or employing options strategies like selling strangles to profit from elevated, but potentially overstated, implied volatility around the event. In conclusion, while price appreciation may occur in the days following the announcement due to arbitrage and front-running activity, a single-day "explosive pump" on July 6th is highly unlikely. The major index fund buying will be executed efficiently and discreetly, often away from public markets, turning the anticipated climax into a well-orchestrated, anti-climactic settlement.

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How Did Hundreds of Billions of Dollars Flow into SpaceX After Its Index Inclusion on June 26th? Will SpaceX Experience a Massive Price Surge?

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