FTX Objects to Extension of Mediation Talks for Bankrupt Crypto Lender Genesis
- Genesis wants negotiations to continue through June 16
- A hearing on the proposed extension is set for Monday
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FTX Trading Ltd. and its affiliates joined a smattering of other creditors of bankrupt crypto lender Genesis Global Holdco in objecting to extending court-mediated settlement talks, according to a court filing.
Claiming to be a major Genesis creditor, FTX said it hadn’t been invited to court-appointed mediation that went on in May and included Genesis, its parent company Digital Currency Group and creditors such as crypto exchange Gemini Trust Co.