1 year ago
67
The post Sino Global Files a $67 Million Claim Against FTX-Alameda for Token Losses! appeared first on Coinpedia Fintech News
Sino Global Capital, a Chinese investment firm, has filed a $67 million claim against FTX-Alameda for token losses and a partnered fund. The claim alleges that FTX-Alameda breached its fiduciary duty to Sino Global by investing in risky ventures and failing to safeguard the funds. Sino Global claims that it lost substantial amounts of money due to FTX-Alameda’s actions and is seeking compensation for damages. Regulators and investors demanding greater transparency and accountability in the cryptocurrency industry are indicating yet another indication of the increasing scrutiny faced by cryptocurrency firms.
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