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coinpedia 2023-08-18 01:29:14

Genesis Reaches $175 Million Settlement with FTX

The post Genesis Reaches $175 Million Settlement with FTX appeared first on Coinpedia Fintech News Cryptocurrency lender Genesis Global Capital has reached a settlement deal with the bankrupt exchange FTX, agreeing to pay $175 million to resolve outstanding claims between the two entities. Genesis will pay the funds to Alameda Research, the trading firm co-founded by FTX founder Sam Bankman-Fried. In return, FTX will drop its nearly $4 billion claim …

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