Former FTX customers file lawsuit to get access of the exchange’s frozen funds

A group of former FTX customers have filed a lawsuit to get priority access to frozen funds of the exchange for its customers and not investors, as reported by Cointelegraph.

According to Cointelegraph, on December 27, 2022, the lawsuit was filed at the United States bankruptcy court for the District of Delaware. It is believed that four plaintiffs made the claim to represent entire group of former FTX customers, which can reach up to one million individuals. Insights from the lawsuit emphasised on the priority rights to return digital assets held by FTX US or FTX.com to its customers.

On the basis of information by Cointelegraph, the plaintiffs mention that FTX User Agreement prevented the platform from utilising customer funds for its own needs.