Stolen Funds Render FTX Clawback Moot, Embed Parties Say

[Gunnar Larson]

Stolen Funds Render FTX Clawback Moot, Embed Parties Say
<https://www.law360.com/capitalmarkets/articles/1808280?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-03-01&read_main=1&nlsidx=0&nlaidx=10>

By Vince Sullivan

Parties associated with stock trading platform Embed Financial Technologies
told a Delaware bankruptcy judge Thursday that defunct cryptocurrency
exchange FTX Trading Ltd. can't claw back $240 million from a prepetition
acquisition because the funds used to buy Embed were stolen from FTX
customers.

 Motion attached | Read full article »
<https://www.law360.com/capitalmarkets/articles/1808280?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-03-01&read_more=1&nlsidx=0&nlaidx=10>
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