​FTX Exchange Objects to Prolonged Mediation Talks with Bankru | Altcoin Holder

​FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis – Here's the Latest

FTX and its affiliates have objected to extending court-mediated settlement talks for bankrupt crypto lender Genesis.

In a recent court filing, FTX said it had not been invited to a court-appointed mediation in May that involved Genesis, its parent company Digital Currency Group, and creditor Gemini Trust Co, despite being a major Genesis creditor.

The bankrupt crypto exchange also objected to a motion filed by Genesis Global that sought to estimate the FTX debtors’ claims at $0.00, claiming that it was the largest creditor in Genesis’ Chapter 11 proceedings with claims worth a whopping $3.9 billion.