460 Million Recovery Deal with Hedge Fund from FTX: The Ball is in Court

Bankrupt cryptocurrency exchange FTX has reached an agreement with the company to repurchase part of a $475 million investment in Bahamas-based hedge fund Modulo Capital.

FTX on March 22 to the Delaware Court In the statement submitted by him, the statement made to Modulo Capital through Alameda Research last year $475 million your investment 460 million He stated that they reached a compromise upon the return of the part of the dollar by the company and asked for approval from the court.

Class A shares of Modulo 20% of in return handed over When transferring the company, the assets of the requested amount 99% of represents and 404 million dollar cash you will pay stated. Remainder 56 million The dollar portion is from the assets in Modulo’s account on FTX. voluntarily as a waiver offset would be stated.

On the other hand, the founders of Modulo were once Founder of FTX. Sam Bankman-Fried (SBF) and CEO of Alameda Research Caroline Ellison investment company that has also employed of Jane Street It was revealed that he had three former managers.

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