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FTX Trust Sues Crypto Miner Genesis Digital For $1.15 Billion
['Landon Manning', 'Mohammad Shahid']
BeInCrypto
FTX Trust filed a lawsuit against Genesis Digital, a former partner of the shuttered exchange.
FTX Trust Sues GenesisThe FTX collapse of late 2022 has left a lingering influence over the crypto industry, as the ongoing creditor reimbursement process affects market behavior.
Therefore, FTX Trust’s new lawsuit against Genesis Digital, a former partner, is turning a lot of heads.
Clawback LawsuitsConsidering that FTX Trust is liable for huge reimbursement rounds, this Genesis lawsuit is a fairly reasonable strategy.
Last month, the Trust filed similar charges against Binance, aiming to claw back $1.76 billion from the exchange.
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