Bankrupt FTX wants to sell $175 million claim against Genesis | Crypto World ICOs

Bankrupt FTX wants to sell $175 million claim against Genesis to aid creditor repayment

FTX bankruptcy estate intends to sell its $175 million general unsecured claim against the collapsed crypto lender Genesis, according to a Feb. 2 court filing. FTX proposed to divest these claims through public auctions or private transactions, either in entirety or in parts, with single or multiple purchasers. The generated funds would be used to facilitate debt repayment and also restructure its financial obligations to creditors.

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