Investing
FTX debtors object Genesis’ ‘critical’ claims estimate of ‘$0.00’
Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.
According to a June 2 court filing in a New York Bankruptcy Court, the FTX debtors have raised an objection to Genesis’ estimation that they are entitled to claims totalling ‘$0.00’ – which Genesis stated in an estimation procedures motion filed on June 1.
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