Around the time FTX collapsed, Modulo’s holdings were converted into cash and are stored in an interest-bearing account with JPMorgan, which served as its prime broker, handling its trading in stocks and stock futures, the NYT report said. The fund is looking for FTX to release it from certain legal liabilities in exchange for returning the money, the New York Times said, citing one of the four people. There is no indication that the Modulo founders did anything wrong, according to the report.
Related posts
-
Information Commissioner seeks permission to appeal DSG Retail Ltd ruling
We are seeking permission to appeal the judgment of the Upper Tribunal (Tribunal) on DSG Retail... -
Ripple CEO Loses Bank Account, Russia’s New Crypto Law, and More — Week in Review
Ripple CEO loses his long-term bank account, Russia publishes... -
JPMorgan CEO Claims World War III Has Begun — Warns of ‘Evil Axis’ at Work
JPMorgan CEO Jamie Dimon has warned that World War...