Ethereum

<ul><li>Attestor Capital sues Lemma Technologies over $58 million FTX bankruptcy claim discrepancy.</li><li>Disagreement arises as cryptocurrency surge raises claim value from $58 million to $165 million.</li><li>Lemma was accused of reneging on the deal, termed &#34;seller&#39;s remorse&#34; by Attestor in the court filing.</li></ul>Attestor Capital, a distressed assets hedge fund based in London is <a href="https://www.bloomberg.com/news/articles/2024-03-18/london-fund-s-ftx-bankruptcy-windfall-mired-in-legal-battle" rel="noopener noreferrer nofollow">currently</a> embroiled in a legal dispute with Lemma Technologies, a company based in Panama over a distressed asset purchase agreement. Attestor is one of the prominent buyers of FTX bankruptcy claims and is alleging that Lemma is not fulfilling a deal made in June 2021 to sell a particular claim for $58 million.The lawsuit revolves around a disagreement over a bankruptcy claim that Attestor bought from Lemma last June. The claim which is believed to be linked to an FTX client account was purchased for $58 million. However due to the recent surge in cryptocurrency prices the claim&#39;s value has skyrocketed to an estimated $165 million.Attestor alleged that Lemma is now attempting to renege on the deal which is a situation the hedge fund describes as &#34;seller&#39;s remorse&#34; in its court filing. The lawsuit claimed that Lemma is refusing to &#34;proceed with the transactions or otherwise honor the trade confirmations.&#34;<a href="https://cryptotale.org/hedge-fund-sues-seller-of-ftx-claim-in-multi-million-dollar-dispute/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Hedge Fund Sues Seller of FTX Claim in Multi-Million Dollar Dispute

CryptoTale

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