FTX Sues Ex-Compliance Chief Over 'Hush Money' Payments - Decrypt

Decrypt
Decrypt

28 Jun 2023 4:18 PM

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.

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You May Ask

Who filed a civil lawsuit against Daniel Friedberg?What positions did Daniel Friedberg hold at FTX and Alameda Research?What are some of the charges against Friedberg in the lawsuit?What assets is FTX seeking to reclaim from Friedberg?What is the current value of Friedberg's SRM tokens?

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