FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, has filed a lawsuit against Crypto.com to reclaim over $11 million linked to its affiliated firm, Alameda Research. The lawsuit claims that the funds are held in an account under Ka Yu Tin, also known as Nicole Tin, who the defunct exchange says was acting as a representative for Alameda.
FTX alleges that Alameda Research, which regularly operated under aliases or opened accounts in employees’ names, was responsible for funding and managing the account. After Alameda’s collapse, Crypto.com reportedly locked the account, restricting the exchange’s access to the funds.
