Hedge Fund Group Pivots Away From Trading As Allegations Surface

in #trader • 2 years ago

As a manner to hold FTX and the groups beneathneath its umbrella profitable, Bankman-Fried allegedly approached builders in the back of projects.

The developer turned into allegedly informed that the alternate could be capable of provide them a featured list on FTX and they could be capable of earn tens of thousands and thousands of bucks in commissions.

The developer did now no longer receives a commission for his or her product, in keeping with the lawsuit filed with the aid of using FTX. The enterprise is looking for damages from FTX and Bankman-Fried in extra of $250 million.

Bankman-Fried denies all allegations made withinside the lawsuit. He says he most effective counseled builders on a way to listing merchandise on FTX and in no way acquired any cash from them for doing so.

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2 years ago in #trader by
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