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[COINDESK] Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
IREN INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Iris Energy Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit https://t.co/eCTrfO6xuS https://t.co/fBWGdkOMUb
A former @FTX_Official customer who sold his bankruptcy claim to a hedge fund says the fund is refusing to pay him what he's owed, @thesamreynolds reports https://t.co/SsJDsLS6w3
Nikolas Gierczyk, a former customer of bankrupt cryptocurrency exchange FTX, has filed a lawsuit against hedge fund Olympus Peak, alleging that they reneged on their agreement and underpaid him in the purchase of his bankruptcy claim. Gierczyk sold his claim to Olympus Peak for $1.59 million but contends the hedge fund owes him over $1 million more from promised recovery cash that was not delivered. He asserts that Olympus Peak stands to make over $1 million from the deal and is seeking the additional funds he believes are owed to him.
