FTX, a cryptocurrency trading platform, recently proposed an order to Deltec International Group (DIG), to acquire assets linked to Ryan Salame and the crypto trading firm Alameda Research. The motion was filed in the U.S. bankruptcy court for the district of Delaware, which is scheduled to hold a hearing on April 12. According to the filing, a $50 million promissory note was initially executed between Salame and Alameda Research. Salame, who is also the co-CEO of FTX, later transferred the note to DIG.

Norton Hall, a company owned by Salame, further refuted the allegations and revealed that Salame is not and has never been the director of the firm. Additionally, Norton Hall denied authorizing the DIG Promissory Note. Nonetheless, both parties have come to an agreement to pay the debt and extinguish the note. Although the exact amount was not disclosed, the payment would be made if the motion is approved.

In conclusion, FTX recently proposed an order to Deltec International Group (DIG) to acquire assets from a $50 million promissory note, involving Alameda Research and Ryan Salame. Both parties are expected to reach a debt payment and extinguish the note should the motion receive approval on April 12.



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