PANews reported on July 11 that according to CoinDesk, Tai Mo Shan, a subsidiary of Jump Trading, took FTX Estate to court for $264 million in compensation for failing to receive 8 million Serum (SRM) tokens. However, FTX's lawyers said the loan was never initiated, so the claim was invalid. Jump Trading claimed that FTX's subsidiary Alameda failed to deliver SRM tokens as per the loan confirmation. Court documents show that Alameda did not deliver the tokens, so the loan failed to take effect. FFTX Estate also questioned Jump Trading's calculation of damages, noting that it may involve fraudulent transfers.