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FTX Units Sue Former Executvies, Embed Shareholders to Retrieve $243M From Acquisition

The estate alleges FTX founder Sam Bankman-Fried and other "insiders" misappropriated company funds to acquire Embed in late September 2022, weeks before the crypto exchange filed for bankruptcy.

Updated May 19, 2023, 4:54 p.m. Published May 18, 2023, 9:35 a.m.
Court Lawsuit Judge Legal (Shutterstock)
Court Lawsuit Judge Legal (Shutterstock)