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
Abstract may support ai16z’s Eliza codebase when it launches its mainnet next January
German parliament passes Financial Market Digitalization Act
AR breaks through $16
German tokenization firm Cashlink receives cryptocurrency custody license
Trending news
MoreCrypto prices
More
