FTX debtors object Genesis' 'essential' claims estimate of '$0.00'

Only a month after bankrupt cryptocurrency alternate FTX was in search of $4 billion from the additionally bankrupt crypto lender Genesis, it’s now contesting a declare that it’s entitled to nothing.

Based on a June 2 court docket submitting in a New York Chapter Court docket, the FTX debtors have raised an objection to Genesis’ estimation that they’re entitled to claims totalling ‘$0.00’ – which Genesis acknowledged in an estimation procedures movement filed on June 1.

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