FTX debtors propose separate agreement with SBF on the company's $220 million acquisition of Embed

On December 25th, as reported by Cointelegraph, FTX's debtor proposed an independent agreement with SBF regarding the company's $220 million acquisition of Embed. According to the submitted documents, FTX US issued two simple agreements for future equity to SBF, requiring him to pay $160 million to acquire the equity of the cryptocurrency hedge fund. The proposed agreement will require SBF to return all his equity in FTX US to the creditors.

On December 19th, FTX's debtor stated that they plan to merge assets with the former cryptocurrency trading platform's branch established in the Bahamas as part of distributing funds to customers.