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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.

By Sam Reynolds|Edited by Parikshit Mishra

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)