FTX founder sued over yield-bearing crypto accounts

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FTX founder Sam Bankman-Fried has been sued in US court by investors alleging the company's yield-bearing crypto accounts violated Florida law

Users remained frustratingly in the dark about when they might get their funds back, if at all, directing much of their anger toward Bankman-Fried.

When the crypto exchange faltered on liquidity concerns, US investors sustained $11 billion in damages, the lawsuit alleges. Users remained frustratingly in the dark about when they might get their funds back, if at all, directing much of their anger toward Bankman-Fried.

 

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