FTX and Genesis have reached a principled agreement to resolve disputes related to the Chapter 11 case and have submitted a settlement to the court

ChainCatcher news shows that in documents filed with Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York, FTX and Genesis have reached a principal agreement to resolve disputes related to Chapter 11 cases and have requested the court to issue an order approving the settlement.

The agreement will address claims made by FTX debtors against the debtors in the Chapter 11 litigation, as well as claims made by Genesis debtors against FTX debtors in the FTX Chapter 11 litigation, among other issues, but documentation is still required. To give both parties the opportunity to finalize clear documentation regarding the settlement, both parties respectfully request the court to stay the submission of any documents related to the "motion to lift the stay" and the "estimation motion."