The settlement between the companies, FTX and Bankman Fried can avoid a costly legal battle when the funds represent a small portion of the total shortfall in FTX’s assets. Bankrupt crypto exchange FTX is now looking out to recoup $460 million in customer funds it alleged to have snitched from venture capital firm Modulo Capital, which received a major investment from Alameda Research. Alameda Research injects $400M into Modulo to support its new venture FTX’s sister trading concern Alameda Research is perceived to have put in somewhat $400 in one of the biggest ventures endorsed by FTX under SamBankman-Fried’s leadership. The post Bankman-Fried-Backed Vc Firm Seeks To Claw Back $460m From FTX appeared first on Cryptoknowmics-Crypto News and Media Platform .
