🤝 Bankrupt crypto exchange FTX and crypto lender Genesis have reached an "agreement in principle" to settle their bankruptcy claims, according to a letter sent to bankruptcy Judge Sean Lane.

- The settlement would resolve FTX's claims against Genesis debtors and vice versa, withdrawing pending motions related to those claims.

- FTX previously claimed that Genesis owed it up to $4 billion, later reducing the amount to $2 billion.

- Genesis is the largest unsecured creditor of FTX and its affiliates, with $226 million owed.

Stay tuned for more updates on this crypto soap opera! 🎭