FTX customers have filed a class-action lawsuit against crypto exchange FTX and its former executives, including SBF, seeking a declaration that digital assets held by the company belong to customers.

The lawsuit seeks a declaration that traceable customer assets are not FTX property on behalf of more than 1 million FTX customers in the U.S. and abroad. The lawsuit asks the court to declare that funds held in FTX US accounts for U.S. customers, funds held in FTX Trading accounts for non-U.S. customers, or other traceable customer assets are not FTX property.

According to the complaint filed in the U.S. Bankruptcy Court for the District of Delaware, customers also want the court to clearly determine that property held at Alameda that can be traced back to customers is not Alameda property. If the court determines that it is FTX's property, then the customers will seek a ruling that they have priority over other creditors for repayment. (Reuters)