FTX Token

<h3 id="the-ftx-debtors-contended-that-the-claim-was-submitted-without-prior-notification-and-they-were-excluded-from-the-mediation-proceedings">The FTX debtors contended that the claim was submitted “without prior notification,” and they were excluded from the mediation proceedings</h3><p>Within a month of FTX, the bankrupt cryptocurrency exchange, pursuing a $4 billion claim against the bankrupt crypto lender Genesis, it is currently challenging a claim asserting that it holds no entitlement.</p><p>In a court filing dated June 2, submitted to the United States Bankruptcy Court for the Southern District of New York, the FTX debtors raised objections to Genesis’ assessment that their claims amount to “$0.00.” This estimation was disclosed by Genesis in a motion for estimation procedures filed on June 1. The FTX debtors further asserted their lack of involvement in the mediation process and stated that they received no prior notification before the motion was filed. <a href="https://cryptosheadlines.com/ftx-debtors-dispute-genesis-claim-of-zero-value-for-critical-claims/" rel="noopener noreferrer nofollow">Read More...</a></p><p><strong>Join Cryptos Headlines Community: </strong><a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a></p>

FTX debtors dispute Genesis’ claim of zero value for ‘critical’ claims.

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