Investors in FTX High Yield Bearing Account Should Contact the Shareholders Foundation in Connection with the Lawsuit Against Founder and Former CEO of FTX Trading LTD
The Shareholders Foundation announced that an investor, who purchased an allegedly unregistered security from FTX Trading LTD in the form of a yield-bearing accounts ('YBA") and funded the account with crypto assets to earn interest filed a lawsuit in the U.S. District Court for the Southern District of Florida against Sam Bankman-Fried for participating in FTX Trading LTD d/b/a FTX's offer and sale of allegedly unregistered securities in the form of yield-bearing YBAs to residents of the United States.
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