Just a month after bankrupt cryptocurrency exchange FTX sought $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.
According to a June 2 court filing in the United States Bankruptcy Court for the Southern District of New York, FTX debtors have objected to Genesis’ estimation that they are entitled to claims totaling “$0.00,” which Genesis stated in an estimation procedures motion filed on June 1.