The debtor of FTX proposes to reach an independent agreement with SBF on the company's acquisition of Embed for 220 million US dollars
The debtors of FTX proposed an independent agreement with SBF on the company's $220 million acquisition of Embed. According to the submitted documents, FTX US issued two simple agreements for future equity to SBF, asking him to pay $160 million for the equity of a crypto hedge fund. The proposed agreement will require SBF to return all his shares in FTX US back to creditors. On December 19th, the debtors of FTX stated that they plan to merge assets with the former crypto trading platform branch established in Bahamas as part of distributing funds to customers.
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