FTX creditors are seeking repayment of approximately $4 billion in funding given to Genesis by Alameda and FTX shortly before the exchange’s bankruptcy.
Creditor delegation of bankrupt cryptocurrency exchange FTX 5 May In his statement to the court on chapter 11 under the laws bankrupt crypto loan platform to Genesis given approx. 4 billion dollar fund to be repaid demanded. Creditors’ delegation demand, from bankruptcy under chapter 11 laws of bankrupt organizations 90 days they did before fund transfers back to be able to receive relied on his right.
According to the documents, Genesis is about approx. 2.1 billion your dollar Loan payment from Alameda And guarantee aspect 1.8 billion and your dollar from FTX withdrawal process as carried out. Statement, Genesis 8 billion dollar bill big One part paid back specified. Also, Genesis’s FTX fraudulent business model source of finance used as from the instruments though there is one allegation was done.
In the statement, it was stated that in the event of a retransfer of funds, approximately 11 billion representing the dollar millions of FTX creditors by will be shared information was included.
FTX creditors have been founding in the past. Sam Bankman-Fried made by 93 million dollar political donations and Alameda’s hedge fund to Modulo Capital made 460 million He also demanded repayment of the investment.