Bankrupt FTX to recover $400 mn from Bahamas-based hedge fund
Bankrupt crypto exchange FTX reached a deal on Wednesday to retrieve more than $400 million from Bahamas-based hedge fund Modulo Capital. According to court filings, FTX affiliated hedge fund Alameda Research gave ₹475 million to Modulo last year. The deal marks FTX's new management's efforts to recover assets to repay FTX customers.