This weekend, FTX informed recipients of donations made during the Sam Bankman-Fried era that they had until February 28 to return the funds. Without cooperation from them, the exchange threatens to go to bankruptcy court to support its claim.
FTX appelle au retour des donations sous peine de saisir la justice
FTX asks for the return of donations
In a press release on Sunday, current FTX executives in charge of managing the company’s bankruptcy informed requesting the return of donations made under the Sam Bankman-Fried era (SBF).
Thus, all donations are concerned, whether they were initiated by SBF itself or any other FTX person. The exchange has also indicated that “confidential messages» had been sent to each person or entity concerned, in order to inform them of this request.
This news comes as the subject of the legitimacy of these donations was increasingly discussedand that some politicians had begun to proceed on their own upon their return.
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Threats of legal action
As FTX clarified, recipients of donations now have until February 28 to return them. If not, the company indicated that it could then go to court and ask for additional interest :
“To the extent such donations are not returned voluntarily, the debtors of FTX reserve the right to bring actions in the bankruptcy court to demand the return of such payments, together with interest thereon from the date on which any action took place. »
This refund is due, even if the donations have been spent, or donated to charity For example. This is also a point that had been developed recently, when we learned in mid-January that more than a third of the new members of the United States Congress had received funding from the leaders of FTX.
Although this operation will certainly not be enough to recover the deficit in the accountsthis money, which has, so to speak, been stolen from platform customerswill certainly make it possible to increase a little more the sums that the people injured in this case can hope to recover one day.
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Source: Press release
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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