Furious FTX customers have filed a class action lawsuit against the failed crypto exchange demanding a declaration that its holdings of digital assets belong to them, arguing FTX allowed their accounts to be misappropriated.
The proposed class wants to represent some 1 million customers by also reaching a declaration that holdings at Alameda that can be linked to FTX customers are also not property of the trading firm.
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If those rulings are not delivered, the lawsuit is pursuing the customers’ place at the front of the queue of creditors to be repaid.
