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

Jump Trading's Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol's current market cap.

Updated Jul 11, 2024, 6:21 a.m. Published Jul 11, 2024, 6:18 a.m.
John J. Ray has worked to clawback funds spend by the previous operators of the defunct FTX exchange. (Wikimedia Commons)
John J. Ray has worked to clawback funds spend by the previous operators of the defunct FTX exchange. (Wikimedia Commons)