Administrators for FTX are seeking to recover more than $71 million from the bankrupt exchange's philanthropic and life science arms.
, and Sam Bankman-Fried's Latona life sciences fund, received around $71.5 million from FTX and Alameda Research.
Investment was made in the life sciences field, between February and October 2022, in companies such as Lumen Bioscience, GreenLight Biosciences, Genetic Networks and 4J Therapeutics.In an effort to recover funds for creditors, lawyers representing"The FTX Foundation was the philanthropic arm of the FTX group of companies, and Latona was a sham non-profit company organized in the Bahamas.
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