FTX sues Bankman-Fried, others to recoup fraudulent transfers

FTX Trading Ltd on Thursday sued founder Sam Bankman-Fried and other former executives at the cryptocurrency exchange, seeking to recoup hundreds of millions of dollars they allegedly misappropriated before FTX went bankrupt.

The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried's Alameda Research hedge fund; former FTX technology chief Zixiao "Gary" Wang; and former FTX engineering director Nishad Singh.