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CoinOtag 2023-07-13 11:45:02

FTX Europe Fails to Sell Its Unit, Demands $323 Million Compensation from Former Owners!

FTX, the bankrupt cryptocurrency exchange, is demanding $323.5 million in compensation from the former owners of FTX Europe, according to a hearing held on July 12 in the Delaware Bankruptcy Court. FTX argues that the Swiss company Digital Assets AG (DAAG), which was acquired and rebranded as FTX Europe in 2022, has no economic value and therefore cannot be sold. FTX claims that the $323.5 million used to acquire DAAG should be refunded. The post FTX Europe Fails to Sell Its Unit, Demands $323 Million Compensation from Former Owners! appeared first on COINOTAG EN .

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