FTX's counsel has proposed an order for Deltec International Group (DIG) to turn over assets from a promissory note linked to Alameda Research and former FTX executive Ryan Salame. Salame executed a promissory note agreeing to pay Alameda Research the principal amount of $50 million plus interest, which was later transferred to DIG. Despite the note being between Norton Hall and DIG, Norton Hall denied Salame's directorship and did not authorize the DIG Promissory Note. The debtors have reached an agreement with DIG, Norton Hall, and Ryan Salame regarding repayment of the note, but the amount to be received is not disclosed. A hearing on the order is set for April 12.
(By Kari McMahon)
All Comments