Alameda: Tai Ho Shan's claim of 264 million dollars is invalid

ChainCatcher news, Jump Trading subsidiary Tai Ho Shan has sued the bankrupt FTX for a $264 million Serum Token loan. It is reported that Tai Ho Shan claims Alameda failed to deliver 800 million Serum (SRM) tokens and is seeking $264 million in damages, but Alameda argues that the claim is invalid as the loan never commenced. According to relevant lawyers, the contract terms do not specifically state any amount of collateral or consideration provided by Tai Ho Shan for the so-called loan.