FTX Sues Sam Bankman-Fried Over Asset Recovery, Sparking Concerns About Crypto Stability

In a move aimed at recovering losses stemming from FTX’s financial difficulties, the company has filed a lawsuit against its former CEO, Sam Bankman-Fried. The action was initiated in a New York federal court on Wednesday and reflects the ongoing efforts to recover assets following the exchange’s collapse. This legal step raises questions within the cryptocurrency community about potential stability impacts.