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HomeFinanceFTX Management Sues Sam Bankman-Fried Over $220 Million Deal Made Earlier than...

FTX Management Sues Sam Bankman-Fried Over $220 Million Deal Made Earlier than Chapter

By Crypto News Matrix

May 18, 2023

FTX attorneys accuse former CEO Sam Bankman-Fried, co-founder Zhixiao Wang, and Zhixiao Wang of failing due diligence over the $220 million acquisition of equity-clearing platform Embed. It’s suing former senior govt Nishad Singh.

based on FTX paid $220 million for the Could 17 submitting. Acquired Embed by means of a US subsidiary As a result of it allegedly “did little or no due diligence” on the platform.

Screenshots of the filings present a visualization of the cash circulate, based on FTX attorneys.Supply: Kroll

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