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FTX Seeks to Recover $71M From Its Philanthropic and Life Science Arms

The firms funneled corporate funds to other organizations on behalf of their founder Sam Bankman-Fried’s "personal aggrandizement," a court filing shows.

By Elizabeth Napolitano|Edited by Parikshit Mishra

Updated Jul 20, 2023, 7:35 p.m. Published Jul 20, 2023, 7:04 a.m.

FTX, Alameda want to recover $71 million from the defunct exchange's philanthropic arm (Pixabay)