Creditors accuse Genesis of manipulating votes in the settlement agreement with FTX

ChainCatcher news, according to CoinDesk, Genesis creditors accuse Genesis of manipulating votes in the proposed $175 million settlement agreement with FTX.

A creditor organization called Fair Deal Group stated in documents submitted on Thursday: "Genesis is attempting to buy the support and votes of FTX debtors by reaching the proposed settlement." Gemini stated in a document submitted on Thursday: "The settlement proposal put forth by Genesis and FTX is an attempt to manipulate the plan voting process… This is a pre-planned transaction," and added that the proposal "cannot be accepted at face value."

Previous news, Genesis agreed to pay $175 million to FTX's Alameda Research and waive all claims against FTX assets.