The #crypto Market is about to be pumped with Liquidity.
Bankrupt crypto exchange FTX has filed a motion to pay $14 million to fund Emergent Fidelity Technologies, for its claims of Robinhood shares worth over $600 million.‼️
The $14 million will be used to pay for Emergent’s administrative expenses to avoid the cost and delay of litigation related to the investment firm’s claims in around 55 million seized Robinhood shares and cash worth over $600 million in total.
FTX has called the settlement agreement “another valuable piece of the puzzle” in its reorganization plan.
