FTX opposes extending the court mediation and settlement of Genesis.

2023-06-03 19:36
According to a report by cryptonews on June 3rd, FTX and its subsidiaries are opposing the extension of court mediation with bankrupt crypto lender Genesis. In a recent court filing, FTX stated that as the main creditor of Genesis, they were not invited to participate in the court-appointed mediation in May, which involved Genesis' parent company Digital Currency Group and Gemini. FTX also opposes a motion filed by Genesis Global, which attempts to estimate FTX's claim as the largest creditor in the Genesis bankruptcy reorganization lawsuit as $0. As previously reported by BlockBeats, FTX is seeking to recover nearly $4 billion in funds from Genesis, including cash and cryptocurrencies.
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