FTX seeks to claw again $460M from Bankman-Fried-backed VC agency

Bankrupt crypto change FTX is looking for to get better $460 million of allegedly misappropriated buyer funds from enterprise capital (VC) agency Modulo Capital, which obtained a sizeable funding from Alameda Analysis final 12 months.

As beforehand reported, FTX’s sister buying and selling agency, Alameda Analysis was understood to have invested round $400 million in Modulo in 2022 — one of many greatest investments undertaken by FTX beneath Bankman-Fried’s management.

Proceed Studying on Coin Telegraph