Bankrupt crypto exchange FTX is seeking to claw back more than $240 million it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform.
FTX filed three lawsuits late Wednesday in U.S. Bankruptcy Court in Delaware targeting former FTX insiders including
FTX intended to use Embed's software to add stock trading to its crypto exchange platform, but Embed's software was "essentially worthless," the lawsuits said. FTX performed almost no investigation of Embed and "prioritized speed over all else," they added.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FTX Units Sue Embed Shareholders, Seek to Retrieve $6.9MAlameda Research and West Realm Shires of the bankrupt FTX_Official empire, are seeking to claw back $6.9 million from Embed Financial, a broker-dealer that Sam Bankman-Fried acquired using FTX funds. By JamieCrawleyCD.
Leer más »
FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project – Bitcoin NewsFTX co-founders are being sued by FTX’s current management over a failed FTX Stocks project deal and acquisition.
Leer más »
Bankrupt Crypto Lender Celsius Moved Nearly $900M of ETH Within a Week: DataThe bankrupt crypto lender Celsius moved almost $900 million of ETH within a week! But to where? Read more in our latest article:
Leer más »
Bankrupt Chester’s embattled mayor is overwhelmingly defeatedThaddeus Kirkland said the state receiver's actions 'had a lot to do' with his defeat. He has accused the receiver of meddling in city politics.
Leer más »
Bankrupt crypto lender Voyager Digital predicts 35% customer payoutCrypto lender Voyager Digital said Wednesday that customers will soon recover about 35% of their cryptocurrency deposits as the company winds down operations after a failed buyout attempt by crypto exchange Binance.US.
Leer más »
FTX lawyers sue Bankman-Fried over fintech they now say is 'worthless'FTX's caretaker leadership is going after its embattled and indicted owner over an over $200 million acquisition he made weeks before putting his crypto empire into bankruptcy. Lawyers for the bankrupt crypto giant are suing Sam Bankman-Fried and others over a fintech company they now claim is 'essentially worthless.
Leer más »