Sonn Law Group is investigating potential claims against FTX and others for the loss of customer funds at FTX.com.
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According to news reports, FTX tapped into customer accounts to fund risky bets, setting up its downfall.
“The allegations that FTX lent billions of dollars of customer assets to fund risky bets at Alameda, its affiliated trading firm, are very serious,” said Jeffrey Sonn, Esq., a nationally known securities attorney at Sonn Law Group PA.
“According to my read of FTX’s terms of service, FTX had no right to loan or hypothecate customer funds,” added Sonn. “We have been contacted by customers and partners in funds who are customers of FTX and are investigating what we believe to be the improper conversion of customer assets,” said Sonn.
Sonn Law Group PA is a nationally known securities fraud and investor protection law firm representing individual and institutional customers in investment and consumer litigation and class actions. For more information, please fill out the form below for a free consultation.