FTX attorneys accuse former CEO Sam Bankman-Fried, co-founder Zhixiao Wang, and Zhixiao Wang of the agency of failing to conduct due diligence in its $220 million acquisition of equity-clearing platform Embed. It’s suing former senior govt Nishad Singh.
in line with FTX paid $220 million for the Could 17 submitting. Acquired Embed by way of a US subsidiary As a result of it allegedly “did little or no due diligence” on the platform.
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