Crime: class action against crypto tours FTX submitted

former customers of the crypto tour FTX have submitted a class action against the insolvent company. FTX and its operators have "completely waived their duty or ignored them to set up appropriate controls to protect the customer property held at FTX", according to the submitted court documents. Customers would have to prioritize in the bankruptcy proceedings towards other creditors, the plaintiffs demanded.

© Marta Lavandier/AP/dpa FTX was founded in May 2019.

The FTX group of finance manager Sam Bankman-Fried collapsed in October for enormous funds in connection with liquidity worries. Billions of customer funds could not be paid out. The US stock exchange supervision SEC has charged Bankman-Fried for fraud.

The authority accuses him of misleading investors with false promises and misappropriating their money. It is more than $ 1.8 billion (more than 1.7 billion euros). He threatens years of prison in the United States.