FTX units on auction block draw 117 interested buyers: Court filing

Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe.

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FTX Wants to Sell Solvent Subsidiaries, Says It Already Received ‘Dozens’ of Inquiries

The solvent units include LedgerX, or FTX Derivatives, as well as FTX Japan, FTX Europe, and Embed Business.

Continue reading FTX Wants to Sell Solvent Subsidiaries, Says It Already Received ‘Dozens’ of Inquiries at DailyCoin.com.

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

FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX’s “wildly inflated” acquisition of stock-clearing platform Embed in September. Cointelegraph reported yesterday that a lawsuit was filed against former FTX CEO Sam Bankman-Fried and other top FTX insiders on May 17 concerning the Embed acquisition, which [...]

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Bitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees

According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal Inscriptions on Bitcoin Blockchain [...]

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FTX sues SBF, others over ‘worthless’ fintech company acquisition

Bankrupt crypto exchange FTX sued Sam Bankman-Fried (SBF) and other former executives of the company for the $250 million acquisition of stock clearing platform Embed. According to a May 17 court filing, SBF and other executives — Nishad Singh and Gary Wonder — knew Alameda Research was insolvent and still went ahead with the deal. Besides that, […]

The post FTX sues SBF, others over ‘worthless’ fintech company acquisition appeared first on CryptoSlate.

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