FTX and Alameda have filed court documents seeking to recover over $71 million from the FTX Foundation and other life science entities. The bankrupt firm is attempting to retrieve funds for its customers, following previous attempts to recover $700 million from FTX founder Sam Bankman-Fried and $323 million from the leadership team of the exchange's European arm. Lawyers argue that the FTX Foundation and Latona made transfers to life science companies under the guise of effective altruism, but in reality, Bankman-Fried pursued these transactions to generate goodwill and political influence for himself. Additionally, the Metropolitan Museum of Art has agreed to return $550,000 in donations received from FTX.
All Comments