Bankruptcy turns litigious as FTX lawyers sue Bankman-Fried over 'worthless' fintech. The lawsuit alleges fraud and overpriced acquisition, blaming leadership for FTX's collapse. Stock clearing platform Embed at the centre of controversy, accused of using customer funds for acquisition. Legal action targets Bankman-Fried, Wang, Singh, Giles, and early investors. Notably, Giles and Embed shareholders face no criminal accusations. The lawsuit seeks to maximize repayment to FTX and Alameda's creditors. Deal's poor decision highlighted, with Embed now deemed nearly worthless. Concerns were raised over the platform's ability to handle new accounts. Embed had $37M in assets and a $25K profit by March 31, 2022. Focus on Giles's $55M retention bonus and lack of due diligence. The bidding process confirms the inflated $220M price. The lawsuit reveals details of the controversial acquisition and FTX bankruptcy. Implications and alleged fraud to be uncovered in a legal battle.