A Californian FTX financier, Nikolas Gierczyk, hasactually submitted a claim versus the popular hedge fund Olympus Peak. This high-stakes fight hasactually recorded headings and stimulated extreme dispute since Gierczyk declares he was underpaid for his $1.59 million FTX insolvency claim.
But what precisely led to this explosive fight? Let’s checkout the information.
The Deal in Question: A Year Later, Was the Discount Worth It?
The arrangement inbetween Olympus Peak and Gierczyk was made last year, enabling the hedge fund to purchase his FTX insolvency claim at a high 42% discountrate. At that time, this might have appeared like a sensible offer. However, current advancements in the FTX personalbankruptcy strategy haveactually raised concerns: Was the financier really underpaid?
What’s the FTX Bankruptcy Reorganisation Plan?
FTX, the collapsed cryptocurrency exchange, justrecently had its personalbankruptcy strategy authorized by U.S. Bank