create account

FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition by shortsegments

View this thread on: hive.blogpeakd.comecency.com
· @shortsegments ·
$12.20
FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition
# FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition
#
![FwcDVJvagAAoDHJ.png](https://images.hive.blog/DQmTFpmpk7qK4KYfuRqjpn4wFhTTVxgsH9gG3tGYKkywfT3/FwcDVJvagAAoDHJ.png)
#
>FTX lawyers have filed a lawsuit against former FTX chief Sam Bankman-Fried (SBF), co-founder Zixiao Wang, and executive Nishad Singh. The lawsuit is related to the $220 million acquisition of Embed, a stock-clearing platform. The lawyers allege that there was a lack of due diligence before the acquisition process.
#
![6TBUX263HJPQRFISNGLNTYKPCY-1536x1024.jpg.webp](https://images.hive.blog/DQmfSEcUAhmyEs62ybqBhoZHc4ssnHDD6AxGVf53zRXZEef/6TBUX263HJPQRFISNGLNTYKPCY-1536x1024.jpg.webp)
[picture source](https://watcher.guru/news/ftx-lawyers-file-lawsuit-against-sam-bankman-fried)
#
- The continuing saga or sad, sad song of FTX and Sam Bankman-Fried (SBF) continues, as the current owners and management of FTX which Sam Bankman Fried built into a multi-billion dollar entity are now suing him for malfeasance in the purchase of the software trading form EMbedd for 220 million dollars, after the bankruptcy court allowed it's sale for 1 million dollars to it's previous owner.
- Hmmm...
- FTX paid 220 million dollars for Embedd, and the new FTX manager  sells it back to the old owner of Embedd for 1 million dollars, and the New Owner of FTX sues the old owner of FTX for buying Embedd for 220 million when it's worth only one million now.  
- So the current people in charge of FTX are suing the former people in charge of FTX, who will be represented by FTX, in the suit by FTX.
- FTX is essentially suing FTX.
#
![Screen Shot 2023-05-18 at 1.04.16 PM.png](https://images.hive.blog/DQmZKr9aeDbHbRbBNyfqT886jYbrL7ZAcuhbJpkwDPwGdFM/Screen%20Shot%202023-05-18%20at%201.04.16%20PM.png)
#
- The world thought this was an odd occurrence and Twitter had a field day.
#
![Screen Shot 2023-05-18 at 1.02.30 PM.png](https://images.hive.blog/DQmdRtqbvYy35Xp4QZDzM3AXUqf3S85j2bzopU7XraLJaPk/Screen%20Shot%202023-05-18%20at%201.02.30%20PM.png)
#
![Screen Shot 2023-05-18 at 1.03.12 PM.png](https://images.hive.blog/DQmbNgEwYdxqtX5NznsfmWsPnZ6eGiQ1FRmVmSrR22LGEpA/Screen%20Shot%202023-05-18%20at%201.03.12%20PM.png)

#
![Screen Shot 2023-05-18 at 1.00.55 PM.png](https://images.hive.blog/DQmdkPvefdFeAMKk5NEoH7TZowauHaSQCA5q5gHw9AwK5Yf/Screen%20Shot%202023-05-18%20at%201.00.55%20PM.png)
#
- I just signed and kept upvoting Threads and posts on Hive.
- Nothing to see here folks, except rich people spending their investors/creditors money.



Posted Using [LeoFinance Alpha](https://leofinance.io/@shortsegments/-ftx-lawyers-file-lawsuit-against-sbf-over-220-million-embed-acquisition)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 153 others
👎  
properties (23)
authorshortsegments
permlink-ftx-lawyers-file-lawsuit-against-sbf-over-220-million-embed-acquisition
categoryhive-167922
json_metadata{"app":"leothreads/0.3","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@shortsegments/-ftx-lawyers-file-lawsuit-against-sbf-over-220-million-embed-acquisition","links":["https://images.hive.blog/DQmTFpmpk7qK4KYfuRqjpn4wFhTTVxgsH9gG3tGYKkywfT3/FwcDVJvagAAoDHJ.png)","https://images.hive.blog/DQmfSEcUAhmyEs62ybqBhoZHc4ssnHDD6AxGVf53zRXZEef/6TBUX263HJPQRFISNGLNTYKPCY-1536x1024.jpg.webp)","https://watcher.guru/news/ftx-lawyers-file-lawsuit-against-sam-bankman-fried)","https://images.hive.blog/DQmZKr9aeDbHbRbBNyfqT886jYbrL7ZAcuhbJpkwDPwGdFM/Screen%20Shot%202023-05-18%20at%201.04.16%20PM.png)","https://images.hive.blog/DQmdRtqbvYy35Xp4QZDzM3AXUqf3S85j2bzopU7XraLJaPk/Screen%20Shot%202023-05-18%20at%201.02.30%20PM.png)","https://images.hive.blog/DQmbNgEwYdxqtX5NznsfmWsPnZ6eGiQ1FRmVmSrR22LGEpA/Screen%20Shot%202023-05-18%20at%201.03.12%20PM.png)","https://images.hive.blog/DQmdkPvefdFeAMKk5NEoH7TZowauHaSQCA5q5gHw9AwK5Yf/Screen%20Shot%202023-05-18%20at%201.00.55%20PM.png)","https://leofinance.io/@shortsegments/-ftx-lawyers-file-lawsuit-against-sbf-over-220-million-embed-acquisition)"],"images":[]}
created2023-05-18 23:12:48
last_update2023-05-18 23:12:48
depth0
children1
last_payout2023-05-25 23:12:48
cashout_time1969-12-31 23:59:59
total_payout_value6.118 HBD
curator_payout_value6.080 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,677
author_reputation577,357,104,692,603
root_title" FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,594,013
net_rshares25,574,406,658,569
author_curate_reward""
vote details (218)
@takhar ·
Wow! 220 million is very different from 1 million. Perhaps, there's more to it than meets the eye. It clearly wouldn't make sense to most of us. New FTX suing old FTX for the stark difference in purchase of Embed. Ha! 
👍  
properties (23)
authortakhar
permlinkre-shortsegments-2023519t7362843z
categoryhive-167922
json_metadata{"tags":["hive-167922","leofinance"],"app":"ecency/3.0.31-vision","format":"markdown+html"}
created2023-05-19 07:36:33
last_update2023-05-19 07:36:33
depth1
children0
last_payout2023-05-26 07:36:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length218
author_reputation52,033,603,807,954
root_title" FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,604,716
net_rshares35,138,704,920
author_curate_reward""
vote details (1)