According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million. With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested court intervention to settle a $176 million dispute with Genesis, who is seeking to address customer claims amounting to the same sum against FTX Trading and its affiliates....
FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute
Crypto News - 18 Aug 2023 00:23
According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million. With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested court intervention to settle a $176 million dispute with Genesis, who is seeking to address customer claims amounting to the same sum against FTX Trading and its affiliates....
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