Bankrupt FTX Sues Bankrupt Genesis To Recover $4 Billion It Doesn’t Have

As part of its efforts to recover value for creditors, cryptocurrency exchange FTX is attempting to recover about $4 billion from similarly insolvent crypto lender Genesis and a still-solvent British Virgin Islands-based firm. Lawyers for FTX demanded $1.8 billion in loans and a $273 million collateral commitment allegedly issued to Genesis by FTX’s sister trading … Continue reading Bankrupt FTX Sues Bankrupt Genesis To Recover $4 Billion It Doesn’t Have