# 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)
author | shortsegments |
---|---|
permlink | -ftx-lawyers-file-lawsuit-against-sbf-over-220-million-embed-acquisition |
category | hive-167922 |
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created | 2023-05-18 23:12:48 |
last_update | 2023-05-18 23:12:48 |
depth | 0 |
children | 1 |
last_payout | 2023-05-25 23:12:48 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 6.118 HBD |
curator_payout_value | 6.080 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 2,677 |
author_reputation | 577,357,104,692,603 |
root_title | " FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
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onealfa | 0 | 214,886,920,704 | 30% | ||
nanzo-scoop | 0 | 273,962,565,089 | 75% | ||
mummyimperfect | 0 | 98,662,440,124 | 75% | ||
kevinwong | 0 | 29,141,565,149 | 4% | ||
ak2020 | 0 | 39,213,664,036 | 75% | ||
emily-cook | 0 | 2,557,560,696 | 75% | ||
rxhector | 0 | 1,314,180,858 | 5% | ||
jeffjagoe | 0 | 7,519,286,095 | 0.48% | ||
scaredycatguide | 0 | 102,195,793,328 | 100% | ||
rufans | 0 | 23,636,710,249 | 50% | ||
uwelang | 0 | 3,383,524,139 | 6.4% | ||
chadmichaellibby | 0 | 3,094,939,566 | 100% | ||
funnyman | 0 | 6,396,812,594 | 25% | ||
t-bot | 0 | 1,528,466,299 | 75% | ||
dylanhobalart | 0 | 111,577,349,717 | 21% | ||
funnel | 0 | 9,399,413,734 | 16% | ||
stefanialexis | 0 | 656,681,024 | 16% | ||
mafeeva | 0 | 119,452,153,283 | 75% | ||
da-dawn | 0 | 26,158,809,838 | 8% | ||
ganjafarmer | 0 | 3,552,424,408 | 1.4% | ||
bitrocker2020 | 0 | 103,460,404,595 | 8% | ||
swelker101 | 0 | 11,307,694,872 | 50% | ||
scooter77 | 0 | 4,839,814,027 | 2.4% | ||
arrliinn | 0 | 4,210,734,371 | 3.2% | ||
spectrumecons | 0 | 1,182,550,998,802 | 20% | ||
ew-and-patterns | 0 | 555,215,516 | 10% | ||
rival | 0 | 778,999,302 | 8% | ||
joeyarnoldvn | 0 | 559,129,516 | 1.68% | ||
vikbuddy | 0 | 24,139,427,882 | 25.3% | ||
gniksivart | 0 | 18,450,415,901 | 10% | ||
runicar | 0 | 4,063,940,161 | 50% | ||
shebe | 0 | 659,962,312 | 8% | ||
nikoleondas | 0 | 2,903,316,694 | 8% | ||
thauerbyi | 0 | 3,025,101,866 | 14.4% | ||
jeanlucsr | 0 | 1,856,499,458 | 3.2% | ||
pardeepkumar | 0 | 1,579,466,802 | 50% | ||
niallon11 | 0 | 56,622,092,055 | 3.2% | ||
roleerob | 0 | 44,076,111,615 | 8% | ||
espoem | 0 | 15,827,673,771 | 5% | ||
minloulou | 0 | 546,192,495 | 8% | ||
divinekids | 0 | 506,946,572 | 3.2% | ||
thetimetravelerz | 0 | 3,832,525,361 | 8% | ||
khaleelkazi | 0 | 25,478,329,235 | 16% | ||
vegoutt-travel | 0 | 17,719,650,557 | 20% | ||
caladan | 0 | 2,809,104,629 | 15.84% | ||
new-world-steem | 0 | 14,513,518,852 | 8% | ||
senorcoconut | 0 | 2,185,338,590 | 4% | ||
vintherinvest | 0 | 954,624,436 | 8% | ||
mytechtrail | 0 | 3,143,401,382 | 2.8% | ||
ocupation | 0 | 5,087,352,239 | 50% | ||
joannewong | 0 | 716,961,428 | 8% | ||
enjoyinglife | 0 | 22,169,135,806 | 50% | ||
jim888 | 0 | 272,362,868,722 | 6% | ||
purefood | 0 | 1,609,152,624 | 16% | ||
annabellenoelle | 0 | 5,237,182,159 | 100% | ||
elektr1ker | 0 | 1,115,732,518 | 25% | ||
mysearchisover | 0 | 171,895,807,178 | 100% | ||
samostically | 0 | 2,415,190,273 | 16% | ||
mindtrap | 0 | 749,973,048 | 50% | ||
russellstockley | 0 | 3,096,879,521 | 2.8% | ||
jagoe | 0 | 38,886,835,172 | 24% | ||
jglake | 0 | 5,836,692,828 | 20% | ||
organduo | 0 | 6,348,138,044 | 16% | ||
d-zero | 0 | 10,059,851,298 | 10% | ||
gadrian | 0 | 42,531,133,114 | 6.4% | ||
silwanyx | 0 | 1,108,371,321 | 16% | ||
tsurmb | 0 | 2,638,806,012 | 8% | ||
kgakakillerg | 0 | 19,360,653,025 | 10% | ||
getron | 0 | 1,707,080,792 | 16% | ||
break-out-trader | 0 | 4,681,874,075 | 16% | ||
sbi4 | 0 | 62,209,915,451 | 3.3% | ||
karamyog | 0 | 488,904,574,894 | 100% | ||
shortsegments | 0 | 1,308,866,318 | 0.8% | ||
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ireenchew | 0 | 6,784,427,527 | 11.2% | ||
raiseup | 0 | 78,742,421,413 | 16% | ||
dlike | 0 | 44,919,061,614 | 16% | ||
steemaction | 0 | 107,634,542,602 | 16% | ||
oakshieldholding | 0 | 1,037,613,568 | 8% | ||
jacuzzi | 0 | 38,363,213,164 | 6.25% | ||
coriolis | 0 | 4,750,886,403 | 8% | ||
anonsteve | 0 | 11,501,967,614 | 16% | ||
flyingbolt | 0 | 1,247,179,434 | 16% | ||
scoopstakes | 0 | 21,450,463,012 | 75% | ||
nanzo-snaps | 0 | 14,221,219,672 | 75% | ||
thelogicaldude | 0 | 7,115,111,448 | 8% | ||
wolffeys | 0 | 12,097,109,909 | 100% | ||
kramgelo | 0 | 756,656,848 | 100% | ||
edian | 0 | 4,562,074,975 | 16% | ||
engrsayful | 0 | 8,244,209,916 | 100% | ||
pervitin | 0 | 2,640,301,308 | 8% | ||
thefalcons | 0 | 10,797,815,033 | 100% | ||
crazydaisy | 0 | 558,861,580 | 100% | ||
bigmoneyman | 0 | 667,344,429 | 37.5% | ||
megavest | 0 | 51,184,991,413 | 16% | ||
michelmake.util | 0 | 504,825,052 | 100% | ||
shauner | 0 | 2,266,918,178 | 8% | ||
travelwritemoney | 0 | 6,544,734,735 | 16% | ||
invest.country | 0 | 684,427,631 | 16% | ||
mukund123 | 0 | 1,037,720,728 | 8% | ||
leo.voter | 0 | 18,696,239,040,318 | 16% | ||
leo.curator | 0 | 604,977,547 | 12.8% | ||
onealfa.leo | 0 | 47,091,876,909 | 8% | ||
bearjohn | 0 | 2,239,064,863 | 100% | ||
mktmaker | 0 | 943,228,865 | 97% | ||
babytarazkp | 0 | 3,380,922,706 | 40% | ||
asteroids | 0 | 2,896,036,627 | 16% | ||
agro-dron | 0 | 3,164,378,062 | 16% | ||
maddogmike | 0 | 2,854,332,883 | 2.8% | ||
pouchon.tribes | 0 | 9,133,994,769 | 12% | ||
emeka4 | 0 | 1,773,668,215 | 8% | ||
ph1102.leo | 0 | 813,869,642 | 100% | ||
coinlogic.online | 0 | 1,683,359,198 | 8% | ||
chloem | 0 | 2,775,936,007 | 16% | ||
leotrail | 0 | 586,544,038 | 16% | ||
antiretroviral | 0 | 1,639,486,383 | 8% | ||
sacrosanct | 0 | 6,850,881,659 | 15% | ||
gmlrecordz | 0 | 547,934,980 | 37.5% | ||
onestop | 0 | 719,302,596 | 8% | ||
moonappics | 0 | 499,601,257 | 8% | ||
vxn666 | 0 | 1,233,869,455 | 8% | ||
leofinance | 0 | 33,802,889,253 | 16% | ||
x9ed1732b | 0 | 5,646,844,863 | 14.4% | ||
captainhive | 0 | 436,190,960,756 | 20% | ||
hivelist | 0 | 4,904,413,898 | 2.8% | ||
invest4free | 0 | 5,438,464,083 | 30% | ||
rmsadkri | 0 | 21,758,572,878 | 12.8% | ||
hivehustlers | 0 | 6,229,816,308 | 5.6% | ||
zemiatin1 | 0 | 742,519,901 | 65% | ||
beehivetrader | 0 | 1,095,988,140 | 8% | ||
notak | 0 | 547,059,199,599 | 61.3% | ||
w-t-fi | 0 | 1,823,267,208 | 100% | ||
hive-data | 0 | 33,309,271,123 | 10% | ||
hive-world | 0 | 961,560,928 | 8% | ||
eddie-earner | 0 | 1,269,078,505 | 8% | ||
wrapped-leo | 0 | 2,379,490,533 | 16% | ||
curatorcat.leo | 0 | 7,527,321,350 | 80% | ||
alex-rourke | 0 | 385,382,171,574 | 21% | ||
officialhisha | 0 | 16,127,804,759 | 50% | ||
torrey.leo | 0 | 605,379,348 | 100% | ||
reonarudo | 0 | 1,123,447,657 | 8% | ||
netaterra.leo | 0 | 899,029,477 | 25% | ||
leoschein | 0 | 111,959,705,807 | 100% | ||
gualteramarelo | 0 | 1,963,980,133 | 100% | ||
joefinance | 0 | 768,998,872 | 100% | ||
leo.tokens | 0 | 1,429,215,182 | 16% | ||
erikahskitchen | 0 | 5,305,002,811 | 40% | ||
adamada.leo | 0 | 820,644,328 | 100% | ||
libertyleo27 | 0 | 558,675,992 | 100% | ||
rondonshneezy | 0 | 1,135,150,271 | 8% | ||
cielitorojo | 0 | 6,203,879,648 | 8% | ||
hykss.leo | 0 | 11,709,557,766 | 1.2% | ||
brando28 | 0 | 1,221,801,786 | 8% | ||
meowcurator | 0 | 5,055,970,593 | 65% | ||
solymi | 0 | 6,302,810,826 | 4.8% | ||
bananass | 0 | 2,757,091,333 | 65% | ||
megaleoschein | 0 | 1,387,461,962 | 80% | ||
elongate | 0 | 532,636,171 | 16% | ||
amongus | 0 | 666,553,091 | 16% | ||
elgatoshawua | 0 | 2,166,320,681 | 8% | ||
dugsix | 0 | 1,636,720,990 | 100% | ||
b-leo | 0 | 2,737,852,109 | 16% | ||
creodas | 0 | 487,103,743 | 12% | ||
bhealy | 0 | 1,976,010,202 | 100% | ||
nachomolina2 | 0 | 9,438,345,701 | 100% | ||
emybaby | 0 | 2,085,194,889 | 16% | ||
generatornation | 0 | 676,646,839 | 100% | ||
darinapogodina | 0 | 1,332,710,002 | 100% | ||
impurgent | 0 | 673,659,117 | 40% | ||
maurofolco | 0 | 1,298,586,239 | 100% | ||
tamdike | 0 | 490,378,126 | 100% | ||
brume7 | 0 | 510,778,123 | 8% | ||
joseph23 | 0 | 550,165,104 | 15% | ||
hankanon | 0 | 9,843,831,217 | 20% | ||
steentijd | 0 | 2,320,616,723 | 8% | ||
solominer.leo | 0 | 736,926,411 | 100% | ||
bokica80 | 0 | 818,830,067 | 8% | ||
jimah1k | 0 | 1,639,385,298 | 16% | ||
tiyumtaba | 0 | 557,807,517 | 8% | ||
hive-life | 0 | 21,873,785,116 | 100% | ||
notak1 | 0 | 5,152,659,956 | 61.3% | ||
chincoculbert | 0 | 892,028,122 | 6% | ||
banzafahra | 0 | 1,087,447,389 | 8% | ||
cervantes420 | 0 | 2,524,380,973 | 16% | ||
cugel | 0 | 5,177,456,608 | 8% | ||
kushyzee | 0 | 559,955,306 | 8% | ||
eddie-3speak | 0 | 531,721,659 | 22.75% | ||
njker | 0 | 658,977,677 | 16% | ||
scrubs24 | 0 | 3,718,419,341 | 12% | ||
trasto | 0 | 903,502,597 | 8% | ||
mcsherriff | 0 | 3,238,699,930 | 15.84% | ||
davdiprossimo | 0 | 75,966,103,999 | 100% | ||
jude9 | 0 | 813,954,747 | 6.4% | ||
saboin.leo | 0 | 105,078,445 | 20% | ||
femcy-willcy | 0 | 494,813,178 | 8% | ||
onealfa.vyb | 0 | 0 | 10% | ||
grabapack | 0 | 2,927,291,381 | 8% | ||
henrietta27 | 0 | 599,120,510 | 8% | ||
venarisyndicate | 0 | 90,855,963,678 | 100% | ||
p-leo | 0 | 2,379,529,959 | 16% | ||
prosocialise | 0 | 12,818,620,555 | 8% | ||
khaltok | 0 | 1,451,023,312 | 16% | ||
plicc8 | 0 | 1,516,533,770 | 16% | ||
blesker | 0 | 751,619,775 | 100% | ||
youdontknowme | 0 | 571,843,485 | 3.12% | ||
xleo.voter | 0 | -45,651,200 | -16% | ||
inibless | 0 | 715,462,123 | 8% | ||
p-hive | 0 | 956,568,972 | 16% | ||
thoth442 | 0 | 771,257,118 | 8% | ||
bnb-hive | 0 | 4,908,448,217 | 16% | ||
specific-leo | 0 | 534,930,173 | 16% | ||
neal.power | 0 | 572,314,379,684 | 100% | ||
cubdaily | 0 | 3,650,414,873 | 16% | ||
marriot5464 | 0 | 2,001,761,983 | 50% | ||
contapoupanca | 0 | 1,005,108,890 | 65% | ||
depressed.leo | 0 | 754,565,070 | 16% | ||
buffalo.leo | 0 | 0 | 100% | ||
draupnir | 0 | 747,675,164 | 16% |
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!
author | takhar |
---|---|
permlink | re-shortsegments-2023519t7362843z |
category | hive-167922 |
json_metadata | {"tags":["hive-167922","leofinance"],"app":"ecency/3.0.31-vision","format":"markdown+html"} |
created | 2023-05-19 07:36:33 |
last_update | 2023-05-19 07:36:33 |
depth | 1 |
children | 0 |
last_payout | 2023-05-26 07:36:33 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
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body_length | 218 |
author_reputation | 52,033,603,807,954 |
root_title | " FTX Lawyers File Lawsuit Against SBF Over $220 Million Embed Acquisition" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 123,604,716 |
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author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
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shortsegments | 0 | 35,138,704,920 | 100% |