FTX Trust Unleashes $1.15B Lawsuit Against Genesis Digital in Blockbuster Crypto Clash

Digital asset dominoes continue to fall as FTX Trust drags Genesis Digital into court over nine-figure transfers.

The Paper Trail

Trust attorneys allege Genesis Digital received massive capital injections during FTX's final months—funds now deemed questionable under bankruptcy scrutiny. Court documents pinpoint exactly $1.15 billion in transfers between the entities.

Legal Reckoning

This lawsuit joins a growing stack of clawback attempts targeting pre-collapse transactions. FTX's new management continues tracing every satoshi—turning former partners into litigation targets overnight.

Genesis hasn't just lost a banking partner—they've gained a forensic auditor with subpoena power. Another day, another nine-zero drama in crypto's never-ending theater of financial responsibility.