Alameda: Tai Ho Shan's $264 million claim invalidated
On July 11th, Jump Trading subsidiary Tai Ho Shan filed a lawsuit against bankrupt FTX for a $264 million Serum Token loan. Tai Ho Shan claims that Alameda failed to deliver 800 million Serum (SRM) tokens and is demanding compensation of $264 million. However, Alameda argues that the claim is invalid because the loan was never initiated. According to relevant lawyers, the contract terms do not specify any collateral or consideration provided by Tai Ho Shan for the so-called loan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
'High odds' XRP, Solana, Dogecoin and Litecoin ETFs approved: analysts
Bloomberg ETF Analysts James Seyffart and Eric Balchunas view recent filings for exchange-trade products which track top cryptocurrencies XRP, solana, dogecoin and litecoin as having “high odds” of securing the necessary approvals.Leading in terms of their likelihood of gaining approval, the analysts estimate that Litecoin ETFs have a 90% chance of approval, followed by Dogecoin products, which possess a 75% chance.
Bitcoin Faces Major Risk Below $90,000, Warns Analyst
Bitcoin Struggles to Outperform Gold Despite Institutional Growth
The Daily: Quest to find bitcoin fortune in garbage dump continues, Dave Portnoy's memecoin antics and more
James Howells, a resident of Newport, South Wales, plans to buy the landfill where he believes his lost £620 million ($768 million) bitcoin fortune is still buried, despite a UK judge dismissing his case last month.Eric Council Jr. pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud related to the hack of the Security and Exchange Commission’s social media account in January 2024.
Trending news
MoreCrypto prices
More
