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FTX's Lawyers Seek Recovery of $323.5M from Europe Leadership in Bankruptcy Court Filing

FTX's lawyers have requested a U.S. bankruptcy court in Delaware to recover over $323.5 million from FTX Europe's leadership. The lawyers representing FTX Trading Ltd. and Maclaurin Investments Ltd. have asked the court to order the return of funds transferred to the leadership of FTX Europe.

The lawyers have also asked the court to halt any remaining payments to the FTX Europe leadership and argued that FTX Europe has limited value as an asset and cannot be sold. FTX had paid approximately $323.5 million for the acquisition of Swiss Company DAAG, which would later become FTX Europe.

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