Genesis Grants FTX $175M Claim To End Ch. 11 Disputes
By Rick Archer · August 17, 2023, 2:11 PM EDT
Genesis and FTX are seeking approval from Delaware and New York bankruptcy courts to grant an FTX affiliate a $175 million unsecured claim in Genesis' Chapter 11 case to settle their...
Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.
Case Number
1:22-bk-11068
Judge
John Dorsey
Venue
U.S. Bankruptcy Court for the District of Delaware
Capital Structure
Total Liabilities:
Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.