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Thursday, August 8, 2024
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    HomeFinanceFTX goals to get better 244 million USD from the 'wildly...

    FTX goals to get better 244 million USD from the ‘wildly inflated’ Embed acquisition deal

    The administration of FTX seeks to get better greater than 240 million. USD from insiders and executives who benefited from FTX’s “wildly inflated” acquisition of Embed, an fairness clearing platform, in September.

    Cointelegraph reported yesterday that Might 17 filed a lawsuit towards former FTX CEO Sam Bankman-Fried and different prime FTX homeowners over the Embed acquisition, which they are saying was accomplished with out due diligence.

    The lawsuit is filed towards Embed insider and CEO Michael Giles. Supply: Kroll.

    Proceed studying Coin Telegraph.

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