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> | Save to favorites » <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_later=1&nlsidx=0&nlaidx=10>
