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FTX Updates $175M Settlement Terms after US Trustee Disapproval

Bankrupt crypto exchange, FTX, and its debtors have suggested reducing the maximum settled value in their proposed settlement with insolvent digital asset lender, Genesis, from $10 million to $7 million. The change followed opposition by the US Trustee to the $175 million settlement agreement reached by both crypto firms.FTX and Genesis Agree to $175M SettlementLast week, FTX filed a motion, seeking court approval for Genesis to pay the settlement amount to Alameda Research, its affiliated but e... Read More

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Posted: Aug 21 2023, 13:35

Author Name: financemagnates

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