NEW YORK : FTX on Tuesday asked a U.S. judge to stop outside litigation against company insiders and venture capital firms accused of playing a role in the bankrupt crypto exchange's collapse, saying the lawsuits undermine FTX's own effort to repay customers.
Plaintiffs in the class action lawsuits are seeking to take control of assets seized by federal prosecutors, litigate claims already being pursued by FTX, and charge 33 per cent in attorneys' fees on recoveries that the class action lawyers had no role in obtaining, according to FTX. "Our goal is to provide relief for all FTX victims and we appreciate all parties that are helping our efforts," Moskowitz said.
Source: News Formal (newsformal.com)
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