Blockchain Battle Royale FTX Foundation Fighter Swoops in for Epic $275K Bonus Avenging, SBFFaid cry for Justice!

FTX Foundation employee stands up for promised $275K bonus from SBF

FTX Charity Wing Employee Demands Mega Bonus: Crypto Exchange in Hot Water

In a move that can only be described as ballsy, an FTX employee from the charity division has stepped forward to claim the remainder of his whopping $275,000 salary bonus. Ross Rheingans-Yoo, the audacious individual in question, insists that only $375,000 of his $650,000 bonus was paid by FTX. According to Rheingans-Yoo’s lawyers, the remaining funds were left hanging when FTX decided to take a dip in the treacherous sea of bankruptcy in November 2022.

Rheingans-Yoo is not one to back down, though. He recently retaliated against FTX’s objection filed in October, making it clear that he’s not afraid to take this battle to the next level. In his response, he shared a tantalizing tidbit—a Google Doc created by FTX co-founder Sam Bankman-Fried himself, which detailed his employment terms at the FTX Foundation. Talk about bold moves, right?

But don’t be mistaken, dear readers. Rheingans-Yoo wants you to know he’s no insider. Oh no. He’s just a humble employee caught in the crossfire of someone else’s misdeeds. His lawyers made this point crystal clear, stating, “Instead, Rheingans-Yoo was a faithful employee who found himself in a mess he did not create.” Poor guy, right? Just trying to do his job and all he gets is this lousy lawsuit.

Rheingans-Yoo is not just fighting for his bonus, but for charity too. He insists he’s entitled to a grand total of $650,000 specifically for donation purposes. If that’s not enough, he’s also claiming a prepetition salary payment of approximately $5,700 and a post-petition salary of at least $62,800. That’s some serious dedication to the cause, folks.

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Of course, FTX’s advisors aren’t backing down either. They argue that Rheingans-Yoo has already received his bonus in full, thanks to a brilliant tactic. Apparently, he chose to have a portion of the award repaid via options in the company’s corporate affiliates before FTX took a plunge off the bankruptcy cliff. But Rheingans-Yoo denies these allegations. Drama!

Now, the fate of Rheingans-Yoo’s bonus lies in the hands of a Delaware bankruptcy judge, who will preside over the FTX Chapter 11 bankruptcy. It’s like a high-stakes poker game, with Rheingans-Yoo betting it all on his claims while FTX tries to maintain its poker face.

In the meantime, the crypto community awaits the outcome, speculation running rampant like a wild stallion. Will Rheingans-Yoo emerge victorious, pocketing his bonus and riding off into the sunset? Or will FTX manage to block his demands, leaving him in the dust? Only time will tell.

And hey, if you think this tale of financial feuds and crypto chaos is riveting, don’t forget to check out our other thrilling article about FTX’s billion-dollar lawsuit against Bybit over asset withdrawals. It’s like a Marvel movie, but with more money and fewer capes.

Stay tuned, fellow investors, as the blockchain drama continues. Who knows what twists and turns await us in the ever-fascinating world of digital assets. Until next time, may your wallets be full and your investments forever fruitful!

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