FTX Creditors: FTX Proposes $175 Million Settlement to Genesis

ChainCatcher news, FTX creditor @sunil_trades posted on social media that FTX has proposed a $175 million settlement to Genesis. It is reported that this settlement will reduce the initial $3.9 billion claim amount from Alameda to $2 billion. The FTX User Alliance calls this a bad deal, and the Unsecured Creditors Committee (UCC) representing FTX customers should oppose this transaction.