Jump Trading Drags FTX Estate to Court Over $264M Serum Token Loan

Jump Trading Drags FTX Estate to Court Over $264M Serum Token Loan


Jump Trading’s Tai Mo Shan says the FTX estate owes it $264 million over a loan involving 800 million SRM that Alameda never delivered. Lawyers for the estate say this claim is invalid because the loan was never initiated.

The FTX bankruptcy estate is pushing back against a claim by Jump Trading’s subsidiary Tai Ho Shan, which asserts that Alameda didn’t deliver 800 million Serum (SRM) tokens and wants $264 million in damages, but Alameda says that the claim is invalid because the loan never commenced.

SRM was the native token of the decentralized exchange (DEX) Serum. Jump Trading announced in the fall of

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