FTX will recover over $400 million in cash from the hedge fund Modulo Capital
ChainCatcher news, according to Reuters, FTX has reached a settlement agreement with hedge fund Modulo Capital to recover $460 million in assets for stakeholders, which accounts for over 99% of Modulo's remaining assets, including $404 million in cash, and waiving any claims to the $56 million in assets held in FTX accounts.
Modulo Capital received $475 million in seed funding from Alameda Research in 2022, (source link)
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