U.S. Judge Says Genesis, FTX's $2 Billion Dispute May Delay Creditor Payment Plans

A U.S. judge said the $2 billion dispute between Genesis Global Holdco and FTX Trading Ltd. could delay court consideration of a payment plan for Genesis creditors, Bloomberg reported. Genesis had previously asked the judge overseeing its bankruptcy case to consider approving the payment plan next month. "It is my understanding that these deadlines may be extended," Bankruptcy Judge Sean Lane said at a court hearing Thursday in which Genesis and FTX filed a settlement claim that FTX claims Genesis owes it about $2 billion. duel program. FTX originally said Genesis owed it $3.9 billion, but reduced that amount to about $2 billion in a letter to Sean Lane this week.