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FTX has filed 23 new lawsuits to recover funds, targeting Binance, SkyBridge Capital, and others

As FTX's estate attempts to recover money for creditors, 23 new lawsuits have been filed against Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even Fwd.us, a lobby group backed by Mark Zuckerberg. The lawsuits allege that the money transferred to the organisations was part of a larger "influence buying campaign" orchestrated by FTX founder Sam Bankman-Fried, who funnelled money into politics and traditional finance through sponsorships, investments and donations to burnish its reputation while masking FTX's growing financial instability, according to the lawsuit.