FTX Slapped With Class Action Lawsuit as Customers Seek Dibs on Repayments

Crypto-empire FTX filed for bankruptcy on November 11, with its CEO Sam Bankman-Fried stepping down and fleeing for the Bahamas. The company's founder was arrested on December 12 at the request of US authorities, charged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.