Jump Trading's Tai Ho Shan sues FTX bankruptcy estate for $264M in unfulfilled SRM token loan.
Jump Trading subsidiary Tai Ho Shan is suing the FTX bankruptcy estate for $264 million in damages, alleging that Alameda Research failed to deliver 800 million Serum (SRM) tokens as per a previous loan agreement. The FTX estate argues the loan agreement was never started, making the claim void. The lawsuit follows the collapse of the Serum decentralized exchange in the wake of FTX's bankruptcy in November 2022.
July 11, 2024
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