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FTX Softens $4B Demand, Strikes $175M Settlement with Genesis

FTX Softens $4B Demand, Strikes $175M Settlement with Genesis
Bankrupt cryptocurrency exchange, FTX, has agreed to settle its claims dispute with equally bankrupt digital asset lender, Genesis, by accepting a payment of $175 million to Alameda Research, its affiliated insolvent crypto hedge fund. Earlier in May, FTX had sought court permission to recover approximately $3.673 billion in alleged transfers it made to Genesis between August 13 and November 11, 2022.FTX's $4B Claim Ends in $175M SettlementGenesis disclosed the settlement agreement yesterday (We... Read More
Posted: Aug 17 2023, 16:04
Author Name: financemagnates
Views: 022170

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