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<h2 id="header-0">FTX Sues Founder and Former Leaders for $323M Over Swiss Acquisition</h2>The cryptocurrency company FTX is taking its own founder, Sam Bankman-Fried, and some other past leaders to court. FTX wants to get back the $323 million it spent buying a Swiss company that it later turned into FTX Europe. <a href="https://www.coingabbar.com/en/crypto-currency-news/why-metropolitan-museum-returns-donation-of-550kdollar-to-ftx" rel="noopener noreferrer nofollow">FTX</a> says that these people tricked them into paying too much for the Swiss company. We&#39;re still waiting to hear what the people being sued have to say.In other big cryptocurrency news, a judge in the US has said that when Ripple&#39;s XRP tokens are sold to regular people, they&#39;re not &#34;securities.&#34; This is good news for Ripple Labs, which has been in a legal fight with the US Securities and Exchange Commission (SEC) about whether XRP is a security.The judge said that XRP tokens are only securities when they&#39;re sold to big institutions, not to regular buyers. This decision could change how cryptocurrency is regulated in the future because it says there&#39;s a difference between selling <a href="https://www.coingabbar.com/en/crypto-currency-news/zimbabwe-defies-imf-warning-sells-gold-backed-crypto-tokens" rel="noopener noreferrer nofollow">crypto tokens</a> to big institutions and selling them to regular people.People in the industry and regulators have been watching the Ripple case closely because it could set a pattern for how cryptocurrencies are classified and regulated. This decision is seen as a win for Ripple and other cryptocurrency companies that have said their tokens aren&#39;t securities and shouldn&#39;t be regulated like traditional financial assets.These two big legal events show how the <a href="https://www.coingabbar.com/en/crypto-currency-news/federal-reserve-creates-specialized-team-to-monitor-cryptocurrency-industry" rel="noopener noreferrer nofollow">cryptocurrency industry</a> is changing and dealing with issues like regulation, openness, and how companies are run.

FTX Sues Founder and Former Leaders, Seeking $323M Refund

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