{"id":865653,"date":"2024-10-14T08:50:35","date_gmt":"2024-10-14T03:20:35","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=865653"},"modified":"2024-10-14T09:00:04","modified_gmt":"2024-10-14T03:30:04","slug":"ftx-customer-says-hedge-fund-cheated-him-on-bankruptcy-gains","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/14\/ftx-customer-says-hedge-fund-cheated-him-on-bankruptcy-gains\/","title":{"rendered":"FTX Customer Says Hedge Fund Cheated Him on Bankruptcy Gains"},"content":{"rendered":"<p>(Bloomberg) &#8212; An FTX customer sued the hedge fund that bought his claim in the bankrupt cryptocurrency exchange, claiming that Olympus Peak underpaid him while it stands to make more than $1 million from their deal. <\/p>\n<p>Nikolas Gierczyk of California says Olympus Peak owes him a bigger payout after he sold his $1.59 million claim last year to the hedge fund at a \u201csubstantial 42% discount\u201d and FTX this year won approval of a bankruptcy reorganization plan that is expected to repay customers from 129% to as much as 146%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; An FTX customer sued the hedge fund that bought his claim in the bankrupt cryptocurrency exchange, claiming that Olympus Peak underpaid him while it stands to make more than $1 million from their deal. Nikolas Gierczyk of California says Olympus Peak owes him a bigger payout after he sold his $1.59 million claim last year to the hedge fund at a \u201csubstantial 42% discount\u201d and FTX this year won approval of a bankruptcy reorganization plan that is expected to repay customers from 129% to as much as 146%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-865653","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/865653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=865653"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/865653\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=865653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=865653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=865653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}