FTX and Genesis Near Agreement Amid Bankruptcy

posted  28 Jul 2023
Photo - FTX and Genesis Near Agreement Amid Bankruptcy
Bankrupt crypto firms FTX and Genesis have reportedly reached a preliminary agreement to settle outstanding issues. The companies have agreed to void all mutual claims.

This development was revealed in a letter sent to Bankruptcy Judge Sean Lane on July 27. The final decision and terms of the agreement, however, need to be officially approved by the court.