FTX Sues Ex-Compliance Chief Over 'Hush Money' Payments - Decrypt
FTX sued a former compliance officer and general counsel, accusing him of silencing whistleblowers with "hush money" among other misdeeds....
- FTX has filed a civil lawsuit against former compliance officer Daniel Friedberg, accusing him of being a "fixer" for top management and silencing whistleblowers.
- Friedberg served as FTX US's chief compliance officer and general counsel to Alameda Research, which collapsed alongside FTX.
- The lawsuit alleges that Friedberg turned a blind eye to internal control issues and received unjustified compensation.
- Friedberg is accused of playing a central role in FTX's fraudulent scheme and violating his fiduciary duties.
- The charges against Friedberg include breach of fiduciary duty, legal malpractice, corporate waste, and fraudulent transfers.
- FTX is seeking damages and the return of assets, including 102 million Serum tokens.
The article portrays a negative sentiment towards Daniel Friedberg, highlighting his alleged involvement in fraudulent activities and misconduct.