Jump trading says ftx’s alameda owes it $264 million for undelivered serum tokens

in a new lawsuit against the bankrupt ftx, jump trading’s subsidiary, tai mo shan, claims that alameda research failed to deliver 800 million serum (srm) tokens, resulting in $264 million in damages. ftx’s lawyers have countered that the loan was never started, making the claim invalid. the next court appearance is in august.

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website: [www.jumptg.com](https://www.jumptg.com) ,s twitter: [@jumptradingllc](https://twitter.com/jumptradingllc)

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jump trading, a major player in global markets, has filed a $264 million lawsuit against ftx over a failed token loan. tai mo shan, its subsidiary, claims ftx didn’t deliver 800 million srm tokens, resulting in massive losses. ftx counterclaims that the loan never started, making the claim invalid. the case reveals complex ties in the crypto world and highlights the risks in decentralized finance. the next court appearance is set for august.

jump trading’s lawsuit against ftx has drawn reactions from across the crypto space, with fellow traders expressing disbelief. ftx’s pushback, claiming no loan started, adds to the drama. the upcoming august appearance is highly anticipated.