CoinVoice has recently learned that FTX customer Nikolas Gierczyk has sued hedge fund Olympus Peak, accusing the fund of purchasing his debt and making more than $1 million from the transaction but not paying him the full amount of the proceeds.
Gierczyk said Olympus Peak owed him a larger payment because he sold $1.59 million of its claim to the hedge fund last year at a “deep discount of 42%,” and FTX this year received approval for a bankruptcy reorganization plan that is expected to return 129% to 146% of the value of the claims to customers.
Gierczyk argued in the lawsuit that his agreement with Olympus Peak clearly spelled out his right to additional compensation, but the fund refused to honor that right. [Original link]