London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Lemma Technologies was not an original FTX creditor: the company had allegedly acquired the accounts on Jan. 18, 2023, when its majority owner and president, South Korean national Junho Bang, transferred the rights to both of his personal accounts to his firm. According to Attestor’s documents, Lemma Technologies has “no known assets” other than Bang’s transferred claims.
While they delayed, Attestor claims Lemma Technologies “began to attempt to renegotiate” the agreed-upon purchase price of the accounts – evidence, Attestor says, of the company’s “seller’s remorse.”