FTX Battles Genesis in Attempt to Recover Billions in Bankruptcy Case
TL;DR Summary
FTX, the bankrupt crypto exchange, is seeking to recover almost $4 billion from Genesis Global Capital, which was "largely repaid" the nearly $8 billion in loans made to Alameda Research, an FTX-affiliated entity in the weeks leading up to FTX's bankruptcy in November. FTX wants to claw back the funds received by Genesis and non-debtor affiliates so that these funds can be shared with all other creditors of the FTX Debtors in the FTX Chapter 11 Cases.
- FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case CoinDesk
- FTX seeks to claw back $4B from Genesis in a battle of the bankrupt Cointelegraph
- FTX Seeks to Claw Back $3.9 Billion in Cash, Crypto from Genesis Bloomberg
- FTX seeks to claw back $3.9B from Genesis; undersold SUI contracts by 1000x CryptoSlate
- Genesis 'One of the Main Feeder Funds' to Fraudulent FTX Activities, Say Debtors Decrypt
- View Full Coverage on Google News
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