FTX Donations Clawback
The new leadership at FTX are threatening charitable and political organizations with lawsuits if they don’t return donated funds. Will this benefit ordinary depositors?
Welcome to The Daily Forkast – February 15, 2022 – presented by Joel Flynn.
The FTX collapse is now considered one of the largest frauds in crypto history. Three months after the fall of the crypto exchange, people are still asking if FTX customers will ever recover their money.
In an effort to recover funds to pay creditors, the new FTX leadership has threatened legal action against political and charitable organizations that fail to return donations they received when the exchange was led by SBF.
We’ll have more on that story in this episode of The Daily Forkast.