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The submit Genesis to Pay $175 Million to Settle Chapter Claims with FTX! appeared first on Coinpedia Fintech Information
Genesis and FTX have reached a settlement deal to resolve their claims associated to their ongoing bankruptcies. Genesis can pay $175 million to FTX’s buying and selling arm, Alameda Analysis, and likewise waive all claims towards the FTX property. This settlement comes as a aid to each corporations and paves the best way for them to navigate their bankruptcies easily. The deal additional demonstrates the importance of strong threat administration methods within the crypto business.
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