Cryptocurrency exchange FTX, which went bankrupt last year, entered into a settlement agreement with startup Genesis, according to the summary of which it will receive $175 million. At the same time the lawsuit filed by FTX in May of this year contained a demand for payment of four billion dollars.
Crypto exchange FTX, which went bankrupt last year, filed a lawsuit against Genesis with a claim to recover $3.9 billion. After some time the amount of claims decreased to $2 billion which today has turned into $175 million.
At this time one of the founders of FTX - Sam Bankman-Fried was moved to prison due to the fact that the court replaced his house arrest with detention.
Experts are divided in opinion, some believe that the tightening of measures against Freed has nothing to do with the settlement agreement between FTX and Genesis. Others, such as Lado Okhotnikov, suggest these events are related and purposeful.
#Cryptocurrency #exchangeFTX #Genesis
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