FTX Wants to Clawback VC Funds Invested in Modulo Capital
Modulo Capital, an investment firm created by three former Jane Street executives, has been dealing with a request from the FTX Group for the return of VC…
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Modulo Capital, an investment firm created by three former Jane Street executives, has been dealing with a request from the FTX Group for the return of VC…
"The Debtors carefully considered and analyzed the offer as set forth in the Agreement in comparison to its other options and concluded that a sale of the Interests will result in obtaining maximum
FTX filed for bankruptcy protection in November
A filing in the U.S. bankruptcy court in Delaware detailed that Modulo Capital agreed to relinquish any claims to the $56 million in assets held in FTX and FTX US accounts with the remaining $404
Following “constructive negotiations,” Sam Bankman-Fried’s (SBF) bankrupt FTX has inked a deal to pull back more than $460 million in assets from Modulo…