The post Genesis to Pay $175 Million to Settle Bankruptcy Claims with FTX! appeared first on Coinpedia Fintech News
Genesis and FTX have reached a settlement deal to resolve their claims related to their ongoing bankruptcies. Genesis will pay $175 million to FTX’s trading arm, Alameda Research, and also waive all claims against the FTX estate. This agreement comes as a relief to both companies and paves the way for them to navigate their bankruptcies smoothly. The deal further demonstrates the significance of robust risk management strategies in the crypto industry.
Source: https://coinpedia.org/crypto-live-news/genesis-to-pay-175-million-to-settle-bankruptcy-claims-with-ftx/