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Michael Giles

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FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal

May 19, 2023 by DIGIT

FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a “wildly inflated” price for the company. Go to Source Powered by WPeMatico

Categories Embed, FTX Bankruptcy, FTX claw back, FTX Embed, Michael Giles

FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy

May 18, 2023 by DIGIT

When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value. Go to Source Powered by WPeMatico

Categories Alameda, Alameda Research, due diligence, Embed, FTX insiders, FTX.US, Michael Giles, misappropriated, Nishad Singh, Stock-clearing platform, sue, Zixiao Wang


Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$88,327.000.07%
  • ethereumEthereum(ETH)$2,986.130.13%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$854.040.11%
  • rippleXRP(XRP)$1.92-0.58%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$125.25-0.83%
  • tronTRON(TRX)$0.2880502.82%
  • staked-etherLido Staked Ether(STETH)$2,986.570.22%
  • dogecoinDogecoin(DOGE)$0.129953-1.78%
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  • bitcoinBitcoin(BTC)$88,327.000.07%
  • ethereumEthereum(ETH)$2,986.130.13%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$854.040.11%
  • rippleXRP(XRP)$1.92-0.58%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$125.25-0.83%
  • tronTRON(TRX)$0.2880502.82%
  • staked-etherLido Staked Ether(STETH)$2,986.570.22%
  • dogecoinDogecoin(DOGE)$0.129953-1.78%