FTX Files Lawsuit Against FTX Executive Daniel Friedberg

FTX filed a lawsuit against Daniel Friedberg, who served in multiple roles as FTX Chief Regulatory Officer, FTX.US Chief Compliance Officer, and Alameda Research General Counsel. In its complaint, FTX alleges that Friedberg was a “broker” for the exchange’s co-founder SBF, who paid hush money to two potential whistleblowers to keep them from leaking information about regulatory issues and alleged close relationships. In the 40-page document, FTX filed 11 civil charges, including accusing Friedberg of violating its legal duties and authorizing a series of fraudulent transfers and loans to other former FTX executives.
During Friedberg’s 22-month tenure at the exchange, he also allegedly received a $300,000 salary, a $1.4 million signing bonus, and an 8% stake in FTX.US, which, according to the complaint, is seeking to recoup all these stakes.