Former FTX Customer Says Hedge Fund Reneged on Bankruptcy
WEB1 day ago · Alexander Nikolas Gierczyk alleges Olympus Peak is reneging on paying an extra amount he says he's owed because the bankruptcy payout is more than expected. A California-based former customer of ...
FTX Customer Claims Hedge Fund Olympus Peak Cheated Him …
WEB1 day ago · Nikolas Gierczyk of California says Olympus Peak owes him a bigger payout after he sold his $1.59 million claim last year to the hedge fund at a “substantial 42% discount” and FTX this year ...
FTX user sues hedge fund set to make more than $1 million from …
WEB1 day ago · Olympus Peak would have made around $670,000 on the claim at 100% recovery in fiat terms. However, at a 129% recovery rate, the hedge fund stands to make around $1.1 million profit on the claim, and $1.4 million at 146%.
FTX Customer Alleges Olympus Peak Failed to Honor Agreement
WEB1 day ago · Key Notes. Gierczyk claims Olympus Peak denied him over $1 million in extra compensation following FTX's reorganization plan. FTX's surplus from strong crypto market boosts potential payouts for ...
FTX user sues hedge fund over bankruptcy profits - Cointelegraph
WEB1 day ago · This means Olympus Peak may collect between $2 million and $2.3 million for the claims it bought from Gierczyk, potentially profiting more than $1 million from the transaction.
FTX Claim Holder Takes Hedge Fund to Court—Will 150% Returns …
WEBAccording to Bloomberg , Nikolas Gierczyk alleges that hedge fund Olympus Peak shortchanged him after purchasing his $1.59 million claim in 2023. Sold at a “substantial 42% discount”, ...
FTX customer sues Olympus Peak hedge fund over recovery rights
WEB1 day ago · Nikolas Gierczyk from California claims that Olympus Peak failed to honor an agreement regarding additional recovery rights after he sold his $1.59 million claim against FTX at a 42% discount, receiving a $930,000 payout. With FTX’s reorganization plan now approved, customers are expected to receive between 129% and 146% of their claims.
FTX Customer Sues Olympus Peak for Over $1 Million in Claims …
WEB1 day ago · According to a recent report by COINOTAG on October 11, a legal dispute has emerged involving FTX client Nikolas Gierczyk.He has initiated a lawsuit against the hedge fund Olympus Peak, alleging that the fund acquired his claims for $1.59 million but failed to remit the full profits.Gierczyk contends that he sold these claims at a notable discount of 42% last year, expecting the hedge fund to ...
FTX customer sues Olympus Peak over alleged breach in claim …
WEB2 days ago · Nikolas Gierczyk, a customer of the defunct FTX exchange, has filed a lawsuit in a U.S. federal court in Manhattan against hedge fund Olympus Peak, Bloomberg reported. He alleged that the fund owes him a larger payout after purchasing his $1.59 million claim in FTX at a “substantial 42% discount.”
Gierczyk v. Olympus Peak Trade Claims Opportunities Fund I Non …
WEB2 days ago · Filing 1 COMPLAINT against Olympus Peak Trade Claims Opportunities Fund I Non-ECI Master LP. (Filing Fee $ 405.00, Receipt Number ANYSDC-30025067)Document filed by Alexander Nikolas Gierczyk. (Filing Fee $ 405.00, Receipt Number ANYSDC-30025067)Document filed by Alexander Nikolas Gierczyk.
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