Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptopolitan 2023-05-04 10:26:22

Clawback action initiated by FTX to recover $1.6 billion from Genesis

To recoup its losses, bankrupt cryptocurrency exchange FTX has filed court documents seeking $1.8 billion in loans and a $273 million collateral pledge it claims was given to Genesis Global Capital by FTX’s sister trading firm, Alameda Research. FTX is also pursuing the recovery of $1.6 billion in withdrawals that it alleges were made by … Clawback action initiated by FTX to recover $1.6 billion from Genesis Read More »

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.