TechFlow news — according to a court filing on February 2, FTX intends to sell its $175 million general unsecured claim against the collapsed cryptocurrency lending firm Genesis.
FTX has proposed selling all or part of these claims through a public auction or private transaction, dealing with one or multiple buyers. The proceeds will be used to facilitate debt repayments and fulfill its financial obligations to creditors.
It is understood that Genesis and FTX previously filed extensive mutual claims, ultimately resulting in FTX asserting a $175 million claim against the failed lender.
Add to Favorites
Share to Social Media
