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    FTX Sues Bankman-Fried and Others Over $250 Million Embed Deal

    FTX Sues Bankman-Fried and Others Over $250 Million Embed Deal

    Reading Time: 2 minutes Sam Bankman-Fried and two other former FTX managers have been sued by FTX over the acquisition of Embed FTX CEO John Ray wants to claw back the $250 million that the company spent acquiring the stock clearing firm Ray argues that the purchase was rushed through with minimal due diligence and FTX overpaid FTX and two related companies have instigated legal action against former executives Sam Bankman-Fried…
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