FTX and its affiliates oppose the extension of court mediation talks for Genesis

ChainCatcher news, FTX and its affiliates oppose the extension of court-mediated settlement negotiations for the bankrupt cryptocurrency lending institution Genesis. In a recent court filing, FTX stated that, despite being Genesis's largest creditor, it was not invited to participate in the mediation designated by the court in May, which involves Genesis's parent company Digital Currency Group and Gemini.

FTX also opposes a motion filed by Genesis Global, which attempts to estimate FTX's claim as its largest creditor in the Genesis bankruptcy restructuring proceedings at $0. (Source link)