FTX sues Crypto.com to recover millions linked to Alameda Research
FTX has filed a lawsuit to recover over $11 million from a Crypto.com account allegedly controlled by its sister company, Alameda Research.
The lawsuit, detailed in a court document dated Nov. 8 and obtained by crypto.news, alleges that Alameda opened the account under the name Ka Yu Tin (also known as Nicole Tin) as part of a broader practice of using shell companies and employee names to conduct crypto trades discreetly.
After Alameda declared bankruptcy, Crypto.com reportedly froze the account, blocking FTX administrators from accessing the funds.
FTX argues that Crypto.com refuses to release the funds due to a mismatch between the registered account name and the representatives of the FTX bankruptcy…
