The bankrupt crypto exchange FTX is taking legal action in an attempt to retrieve more than $240 million it paid for the stock trading platform Embed. Embed was acquired by FTX's American branch FTX.US in mid-2022, but representatives for FTX's bankruptcy estate now say former company executives, including CEO Sam Bankman-Fried, did no investigation before buying the stock trading platform....
Bankrupt FTX Sues to Retrieve Over $240 Million from Trading Platform Embed
Crypto News - 19 May 2023 15:03
The bankrupt crypto exchange FTX is taking legal action in an attempt to retrieve more than $240 million it paid for the stock trading platform Embed. Embed was acquired by FTX's American branch FTX.US in mid-2022, but representatives for FTX's bankruptcy estate now say former company executives, including CEO Sam Bankman-Fried, did no investigation before buying the stock trading platform....
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