FTX bankruptcy estate seeks to clawback $3.9B from Genesis
The FTX bankruptcy estate is seeking to claw back $3.9 billion from bankrupt crypto lender Genesis Global Capital.The FTX bankruptcy estate wants nearly $4 billion back from Genesis Global Capital, the bankrupt crypto lending unit of the Digital Currency Group.
The clawback amount pertains to various loan repayments and collaterals pledged by the crypto exchange to the bankrupt DCG subsidiary. The quantitative trading firm also pledged collateral in the aggregate amount of approximately $273 million to Genesis during the same period.
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