FTX administration is looking for to recoup greater than $240 million from insiders and executives who benefited from FTX’s “extraordinarily inflated” acquisition of inventory clearing platform Embed in September.

Cointelegraph reported yesterday that a lawsuit was filed in opposition to former FTX CEO Sam Bankman-Fried and different high-profile FTX insiders on Might 17 over the acquisition of Embed, which they are saying was performed with out sufficient due diligence.

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