The FTX Bankruptcy Trust has filed a $1.15 billion lawsuit against Bitcoin mining firm Genesis Digital Assets, marking one of the largest clawback actions yet in the ongoing efforts to recover assets lost in the collapse of the FTX exchange.

The complaint alleges that Genesis Digital and its co-founders received more than $1 billion in fraudulent transfers from Sam Bankman-Fried’s Alameda Research between 2021 and 2022. 

‘Great detriment’ to FTX customers 

The investments, the trust argues, were made at “outrageously inflated prices” and provided little to no value to FTX’s business, which was already insolvent at the time.

“Between  August  2021  and …

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