FTX filed three lawsuits late Wednesday in U.S. Bankruptcy Court in Delaware targeting former FTX insiders including
FTX intended to use Embed's software to add stock trading to its crypto exchange platform, but Embed's software was "essentially worthless," the lawsuits said. FTX performed almost no investigation of Embed and "prioritized speed over all else," they added.
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FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project – Bitcoin NewsFTX co-founders are being sued by FTX’s current management over a failed FTX Stocks project deal and acquisition.
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