FTX Sues Scaramucci and Others to Recover $1B in Losses

FTX, the bankrupt cryptocurrency company, has filed 23 lawsuits against various entities, including Anthony Scaramucci and his hedge fund SkyBridge Capital, as well as Crypto.com and Fwd.us, in an effort to recover funds for its creditors. The lawsuits allege that these funds were part of a campaign by FTX's founder, Sam Bankman-Fried, to buy influence and maintain his standing in politics and finance, despite the company's financial struggles. FTX claims these investments provided little benefit to the company and were instead used to bolster Bankman-Fried's reputation. The lawsuits are part of ongoing efforts to address the fallout from FTX's collapse and Bankman-Fried's subsequent conviction for fraud and money laundering.