FTX Slams Down on Executives, Seeking $240 Million After Inflated Embed Acquisition

May 19, 2023

FTX is suing former executives for $240 million over a controversial acquisition of Embed, raising eyebrows with retention bonuses and legal allegations.

Tagged 2017 Cryptocurrency Market, acquisition, ad fraud, AT&T lawsuit, bankruptcy, corporate governance, Embed, financial recovery, fractional stock trading, FTX, insider trading, legal action, Michael Giles, retention bonuses, Sam Bankman-Fried

FTX’s Battle to Reclaim $240 Million: Insider Trading and Inflation Issues in Embed Acquisition

May 19, 2023

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Discover FTX’s ambitious attempts to reclaim $240M from insiders following the questionable Embed acquisition—allegations and legal battles in crypto.

Tagged 2017 Cryptocurrency Market, Asia crypto news, bankruptcy, clawback, customer due diligence, Embed, executive pay, financial fraud, FTX, insider trading, legal action, Michael Giles, retention bonuses, Sam Bankman-Fried, stock-trading platform

FTX Files Suit Against Executives Over Suspect Acquisition

May 18, 2023

ilago

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FTX’s lawyers are suing former executives over a questionable $220 million acquisition, alleging fraud and lack of due diligence during the purchase of Embed.