Jump Trading's Tai Mo Shan Claims FTX Estate Owes $264 Million Over Unfulfilled Loan Involving 800 Million SRM Tokens
Jump Trading's subsidiary, Tai Mo Shan, is claiming that the FTX estate owes it $264 million over a loan involving 800 million SRM that Alameda never delivered. However, lawyers for the estate say that the claim is invalid because the loan was never initiated. The FTX bankruptcy estate is pushing back against the claim, arguing that the loan agreement was never fulfilled because Alameda did not deliver the SRM tokens as specified. The estate also alleges that Tai Mo Shan might have engaged in fraudulent transfers and that the Master Loan Agreement and Loan Confirmation provide that Tai Mo Shan would receive 800 million SRM tokens for no fee and no interest, which is questionable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets
XRP sees steady recovery and Cardano stays under pressure, but BlockDAG’s 1.5M active miners may signal a high-growth crypto in the making. Discover why BDAG could become a top 10 crypto by 2025.BlockDAG’s X1 Miner Surpasses 1.5 Million Users as Adoption Surges Pre-LaunchCardano (ADA) Bearish Pattern May Mask Underlying Setup for RecoveryFinal Analysis
BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?
BlockDAG slashes presale price to $0.0018, its lowest since Batch 1. With $290M already raised and a $0.05 launch target, the top crypto to buy in 2025 might just be this one. Offer ends June 13.Back to the Start: Lowest Pricing Since Batch 1 and Possibly the Final TimeWhy $0.05 Is Just the Start: The ROI Case That’s Capturing AttentionScarcity Heats Up as June 13 Deadline NearsFinal Thoughts: A Second Chance That Rarely Comes in Crypto
Ethereum ETFs Record 15 Days of Bullish Inflows
U.S. spot Ethereum ETFs see 15 consecutive days of inflows, surpassing $837 million in total investments.Ethereum’s Institutional Appeal RisesWhat This Means for Ethereum’s Future
Velo ($VELO) Eyes 260% Surge from Key Support
Velo ($VELO) may be poised for a 260% rally as it finds strong support near current levels.A 260% Upside Target at $0.048More Gains Ahead?
Trending news
MoreCrypto prices
More
