TSXV:RABI.H - Post by User
Post by
Loonyon Aug 10, 2024 10:35am
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Post# 36172728
Corrupt FTX to repay $12.7B to victims.
Corrupt FTX to repay $12.7B to victims.https://arstechnica.com/tech-policy/2024/08/ftx-to-pay-12-7b-to-victims-of-sam-bankman-frieds-massive-scheme/
FTX to pay $12.7B to victims of Sam Bankman-Fried’s massive scheme
US commodities trading agency claimed its largest recovery ever for FTX victims.
ASHLEY BELANGER - 8/8/2024, 6:21 PM
https://www.legalsportsreport.com/60631/playup-sues-ceo-mintas-over-failed-ftx-sale/
PlayUp has filed for a restraining order against its former US CEO, Dr. Laila Mintas, for torpedoing a potential $450 million sale to crypto exchange FTX following failed personal contract negotiations.
The suit alleges Mintas threatened to “burn PlayUp to the ground” after her demand to be installed as global CEO was rebuffed.
According to a lawsuit filed November 30 in Nevada, PlayUp started discussions with FTX for a sale of certain assets back in August.
However, Mintas contacted FTX founder Sam Bankman-Freid to warn him against the deal. Per the complaint, she told him: “There is conflict within management of PlayUP, there are systemic issues, and that the company is not clean.”
That ultimately caused the deal to fail, PlayUp claimed in the suit.