Diesen Artikel teilen
FTX Units Sue Former Executvies, Embed Shareholders to Retrieve $243M From Acquisition
The estate alleges FTX founder Sam Bankman-Fried and other "insiders" misappropriated company funds to acquire Embed in late September 2022, weeks before the crypto exchange filed for bankruptcy.
Von Jamie Crawley
The estate for bankrupt crypto empire FTX is seeking to claw back around $243 million from a suite of former executives – including founder Sam Bankman-Fried – and Embed Financial shareholders, a broker-dealer acquired using FTX funds.
In three separate complaints filed to a Delaware bankruptcy court on Wednesday, the estate alleges that the "FTX insiders" – namely Bankman-Fried, Co-Founder Gary Wang, Director of Engineering Nishad Singh and Caroline Ellison, who ran the trading arm Alameda – used misappropriated FTX funds in late September to acquire Embed only weeks before the crypto exchange filed for bankruptcy.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
The complaints target the FTX insiders, Embed CEO Michael Giles, and several other former Embed equity holders.
Alameda and West Realm Shires (better known as FTX US) are seeking to reclaim money paid to Embed shareholders under U.S. bankruptcy laws, by asking the court to designate the funds as "fraudulent transfers," of the company's assets, so that they could be paid back to creditors.
FTX's new management has, in several court filings, alleged company funds were misused by former executives.
Read More: U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
CORRECTION (May 19, 14:00 UTC): Corrects headline and content of article to show clawback figures in full.
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Nexo Agrees to Buy Argentina’s Buenbit to Expand Crypto Services Across Latin America
The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools.
Was Sie wissen sollten:
- Nexo agreed to buy Argentina-based Buenbit, expanding the Swiss company's presence in Latin America and gaining regulatory approval to operate in the country.
- The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools.
- Buenos Aires will be Nexo's Latin American headquarters, with plans to grow into Mexico and Peru.
Top Stories
