Attestor's 200% Profit Surge From FTX Collapse Sparks Legal Showdown

March 18, 2024
Attestor's 200% Profit Surge From FTX Collapse Sparks Legal Showdown
  • Attestor Ltd., a London-based firm, experienced a 200% profit surge from trading assets of the collapsed FTX cryptocurrency empire.

  • The unexpected profit spike came after the value of crypto assets purchased from FTX significantly increased.

  • A legal dispute has emerged between Attestor and Lemma Technologies, the seller of a major FTX account, over the ownership of the claim.

  • Attestor is bringing the fight to a New York court, accusing Lemma Technologies of 'seller's remorse'.

  • Lemma Technologies, described as an 'obscure' Panamanian entity linked to a South Korean trader, has not publicly commented on the lawsuit.

  • The court's decision will have implications for the parties involved and could influence the landscape of distressed asset trading in the cryptocurrency sector.

Summary based on 13 sources


Get a daily email with more Crypto stories

Sources





More Stories