Bitcoin Exchange FTX Chased $400 Million Missed by SBF!

With its collapse in November, many cryptocurrency causing loss to the company and its investor. FTX there is no water on the front.

FTX, whose bankruptcy process continues, is preparing to ask for the money it claims is in the JP Morgan account.

According to the news of the New York Times, based on the information it received from four people with knowledge on the subject, FTX, its founder Sam Bankman-Fried‘s little-known hedge fund Modula Capital’It is preparing to ask for 400 million dollars from

The informants are that the hedge fund Modulo, which was established in 2022, is based in the Bahamas and is the founder of SBF. FTX And Alameda Research He said he was co-managed.

The NYT report stated that at the time of FTX’s bankruptcy, Bahama-based Modulo’s assets were liquidated and stored in an interest-bearing account with JPMorgan, which serves as the main broker and manages stocks and stock futures.

The NYT noted that one in four sources said that the Modulo fund had contacted FTX management to recover it from certain legal obligations in exchange for returning the money to FTX.