🚨 Lawsuit Alert! FTX is facing legal trouble as it sues its co-founder SBF, CTO Gary Wang, Nishad Singh, and Caroline Ellison over alleged improper transactions exceeding $1 billion. 📉 They are accused of fraudulent transfers benefitting themselves while doing nothing for FTX. In a March 2022 note, Ellison estimated a $10B cash deficit, and last August, she estimated the company owed customers over $8B in fiat and was insolvent. 📜 #FTX #Lawsuit #CryptocurrencyNews