The settlement agreement is between Bankman-Fried, and former FTX executives Nishad Singh and Gary Wang. The FTX debtors will recover 100% of the value paid for Embed's acquisition and all the assets held under the names of Bankman-Fried, Singh and Wang at Embed as part of the settlement.
(Reuters) - Bankrupt crypto exchange FTX and its debtors on Friday said they have entered into a settlement agreement with founder Samuel Bankman-Frie.
Bankrupt crypto exchange FTX and its
debtors on Friday said they have entered into a settlement
agreement with founder Samuel Bankman-Fried and others to
resolve some claims related to its acquisition. -December 22, 2023 at 02:52 pm EST
- MarketScreener