The deal avoids a lengthy legal battle with Modulo and gets around the fact that SBF won’t be available due to ongoing criminal proceedings.
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Amid SVB’s collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year.
FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year