FTX lawyers request the court to dismiss Jump Trading's $264 million damage claim

ChainCatcher news, according to The Block, the FTX-Alameda bankruptcy court questioned the $264 million claim made by Jump Trading's subsidiary Tai Mo Shan regarding a loan transaction from Alameda Research. FTX's lawyers argued that the claim is invalid because they assert that the loan never commenced.

According to court documents, Jump Trading stated that it calculated the losses based on an options model, which used the market price of SRM on the bankruptcy filing date, the implied volatility of the token, the repayment option price, and other factors.

FTX's lawyers requested the court to dismiss the claim, stating that primarily, Alameda Research never delivered the loan.