Summary:
Genesis – a top crypto lending unit that filed for bankruptcy on Thursday – was listed as FTX’s top unsecured creditor within the exchange’s own bankruptcy documents. The firm has an unliquidated claim against FTX worth 6 million. Per FTX’s Thursday filing, the defunct exchange has ten customers to whom it owes over 0 million each. While an earlier version of the filing already showed claims from FTX’s top 50 creditors, the revised version has revealed the names of those appointed by the U.S. Trustee in the case to the Official Committee of Unsecured Creditors. One of those appointed was Genesis – FTX’s top creditor. Some of the few other names that are no longer redacted include the Hong Kong-based crypto trading firm Pulsar Global, individual creditor Larry
Topics:
Andrew Throuvalas considers the following as important: AA News, FTX Exchange
This could be interesting, too:
Genesis – a top crypto lending unit that filed for bankruptcy on Thursday – was listed as FTX’s top unsecured creditor within the exchange’s own bankruptcy documents. The firm has an unliquidated claim against FTX worth 6 million. Per FTX’s Thursday filing, the defunct exchange has ten customers to whom it owes over 0 million each. While an earlier version of the filing already showed claims from FTX’s top 50 creditors, the revised version has revealed the names of those appointed by the U.S. Trustee in the case to the Official Committee of Unsecured Creditors. One of those appointed was Genesis – FTX’s top creditor. Some of the few other names that are no longer redacted include the Hong Kong-based crypto trading firm Pulsar Global, individual creditor Larry
Topics:
Andrew Throuvalas considers the following as important: AA News, FTX Exchange
This could be interesting, too:
Chayanika Deka writes Yuga Labs Secures Major Win as SEC Closes Investigation Without Charges
Andrew Throuvalas writes Bitcoin Soars Back To ,000 After BlackRock CEO Says “Buy The Dip”
Chayanika Deka writes XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge
Chayanika Deka writes Why Arthur Hayes Is Bullish on Bitcoin Under Trump’s Economic Strategy
Genesis – a top crypto lending unit that filed for bankruptcy on Thursday – was listed as FTX’s top unsecured creditor within the exchange’s own bankruptcy documents.
The firm has an unliquidated claim against FTX worth $226 million.
- Per FTX’s Thursday filing, the defunct exchange has ten customers to whom it owes over $100 million each.
- While an earlier version of the filing already showed claims from FTX’s top 50 creditors, the revised version has revealed the names of those appointed by the U.S. Trustee in the case to the Official Committee of Unsecured Creditors. One of those appointed was Genesis – FTX’s top creditor.
- Some of the few other names that are no longer redacted include the Hong Kong-based crypto trading firm Pulsar Global, individual creditor Larry Qian, and crypto market maker Wintermute. Each party is owed $92.9 million, $91.1 million, and $33 million respectively.
- Genesis itself filed for bankruptcy on Thursday after failing to raise fresh capital in the aftermath of FTX’s collapse. The company claimed to have $5.1 billion in liabilities.
- In November, Genesis claimed to have $175 million trapped inside of FTX.