The post FTX and Genesis Settle in Cryptocurrency Bankruptcy Case! appeared first on Coinpedia Fintech News
FTX and Genesis Global Trading (GGC) have reached a settlement agreement approved by a New York bankruptcy judge. The settlement allows FTX-affiliated Alameda Research to receive $175m from GGC, after FTX debtors collectively asserted claims totalling approximately $3.9bn in May 2023. The approved settlement marks a significant reduction from the original amount claimed. Genesis previously …
