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    HomeFinanceFTX Seeks $244 Million Again From 'Massively Inflated' Embed Acquisition Deal

    FTX Seeks $244 Million Again From ‘Massively Inflated’ Embed Acquisition Deal

    Date:

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    FTX administration is in search of to recoup greater than $240 million from insiders and executives who benefited from an acquisition in September that noticed FTX “massively inflate” its equity-clearing platform Embed.

    cointelegraph reported yesterday On Might 17, a lawsuit was filed towards former FTX CEO Sam Bankman-Fried and different FTX insiders concerning the Embed acquisition, alleging that the acquisition was made with out enough due diligence. .

    A lawsuit has been filed towards Embed insider and CEO Michael Giles. sauce: crawl.

    Learn extra on Cointelegraph

    See also  Bitcoin Faces New Challenges After Debt Buying and selling Strikes Ahead, Citigroup Warns

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