FTX Bankruptcy Claims Dispute: Attestor Capital Sues Creditor
Monday, 18 March 2024, 17:45
FTX Bankruptcy Claims Dispute
A London-based investment firm, Attestor Capital, is taking legal action against an FTX creditor for reneging on a deal involving FTX accounts. The creditor promised to sell the firm two FTX accounts but backed out of the deal when the value of claims skyrocketed.
Breakdown of Alleged Deal
Attestor Capital, a top holder of FTX bankruptcy claims, faced unexpected challenges when the creditor had a change of heart after witnessing a sharp increase in claim values.
- Legal Action: Attestor Capital filed a lawsuit against the creditor in response to what they deemed 'Seller’s Remorse'.
- Market Impact: The incident sheds light on the complexities of deal-making and ownership rights in the financial sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.