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Michael Giles – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 19 May 2023 02:30:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Michael Giles – DIGIT INFO https://www.digit.info 32 32 FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal https://www.digit.info/ftx-pursues-244m-clawback-from-wildly-inflated-embed-acquisition-deal/ Fri, 19 May 2023 02:30:11 +0000 https://www.digit.info/2023/05/19/ftx-pursues-244m-clawback-from-wildly-inflated-embed-acquisition-deal/

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.

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]]> FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy https://www.digit.info/ftx-leadership-sues-sam-bankman-fried-over-220m-deal-made-prior-to-bankruptcy/ Thu, 18 May 2023 07:57:17 +0000 https://www.digit.info/2023/05/18/ftx-leadership-sues-sam-bankman-fried-over-220m-deal-made-prior-to-bankruptcy/

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.

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