FTX, Genesis reach in-precept settlement to determine financial disaster case

FTX, Genesis reach in-precept agreement to envision monetary catastrophe case

Bankrupt crypto exchange FTX and crypto lender Genesis have reached an agreement in principle to resolve the claims brought by FTX in its bankruptcy case. On July 27, legal counsels for both firms sent a letter to bankruptcy Judge Sean Lane stating that they had agreed to a settlement.Snippet from the letter in Case No.