FTX Recovery Trust Demands $1B Back From SBF’s Secret Mining Share Investments

FTX's cleanup crew just dropped a billion-dollar lawsuit bomb.

The recovery trust unleashed legal hounds on Sam Bankman-Fried's clandestine mining operation investments—turns out playing with customer funds wasn't just a hobby.

The Great Crypto Caper

SBF funneled enough digital cash into mining shares to make a blockchain blush. The trust now claws back every satoshi from what they call a 'shadow portfolio' of mining equities.

Numbers Don't Lie

That $1 billion figure stares back like a bad trade—roughly the same amount institutional investors lose sleep over while pretending to understand proof-of-work economics.

Another day, another nine-figure 'oops' in crypto finance—where due diligence goes to die.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.