On June 27, FTX’s current management team filed a lawsuit against former FTX executive Daniel Friedberg, alleging that he made a series of payments in an attempt to prevent employees from reporting problems with the exchange. It is reported that Friedberg has served as the chief regulatory officer of FTX, the chief compliance officer of FTX US and the general counsel of Alameda Research.

The complaint alleges that Friedberg was an "intermediary" for the exchange's co-founder Sam Bankman-Fried (SBF), helping SBF pay "hush money" to two potential whistleblowers to prevent them from leaking information about "regulatory issues" and FTX Information about an alleged close relationship with Alameda Research. In the 40-page document, FTX's current management team filed 11 civil charges, including accusing Friedberg of violating its legal duties and approving a series of fraudulent transfers and "loans" to other former FTX executives .

During Friedberg’s 22-month tenure at the exchange, he also allegedly received a $300,000 salary, a $1.4 million signing bonus, and an 8% stake in FTX US, all of which FTX is seeking to reclaim, according to the complaint .