TechFlow news: The FTX creditor coalition, FTX 2.0 Coalition, tweeted, "FTX has requested the court to resolve Genesis's $175 million claim dispute, eliminate $175 million in customer claims, and (nearly worthless) Alameda claims. Reducing from an initially claimed $3.9 billion down to $2 billion must be the worst deal so far, especially considering the new DOJ investigation into DCG <> Genesis. Genesis creditors' claims are currently valued higher than FTX’s, despite their lender balances being inflated by interest earned from loans to entities like Alameda. In 2022, Genesis was repaid billions in FTX customer funds by 'Alameda.' The tokens they hold could be directly traceable to FTX customer deposits. We expect the UCC (Official Committee of Unsecured Creditors) to oppose this 'deal.'"
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