The FTX chapter property will gather neatly a substantial quantity from Modulo Capital – the “imprecise crypto fund” that Sam Bankman-Fried funded.

In line with court docket paperwork seen by CoinDesk on Wednesday, FTX filed a motion to enter a settlement with Modulo Capital and gather neatly $460 million in resources for stakeholders.

The clawback from Modulo adopted “optimistic negotiations” with people of the company, mentioned the filings. The quantity represents 99% of Modulo’s resources, including a substantial quantity of $404 million in money.

Earlier this 365 days, a leaked spreadsheet of FTX’s venture investments raised eyebrows, however the $400 million investment into the miniature-identified hedge fund Modulo became once a matter of particular ardour amongst industry watchers.

A nearer scrutinize into the history of the company published that it became once essentially based in March 2022 by Duncan Rheingans-Yoo and Xiaoyun Zhang, or “Lily,” who had been romantically eager with Bankman-Fried and labored with him at Jane Avenue. Modulo also operated out of the identical Bahamian compound the set aside Bankman-Fried and his friends once resided.

At the time, info indicated that Bankman-Fried had given a total of $400 million to Modulo thru Alameda Study’s venture portfolio. Latest court docket paperwork present that the right quantity of funding got became once nearer to $475 million.

“The terms of the Settlement provide for the return of nearly all of the worth transferred by the Alameda Debtors to the Modulo Entities whereas averting the time and expense of pursuing the Claims thru litigation,” mentioned the submitting.

Modulo has also agreed to relinquish any claim on the $56 million in resources it holds on FTX.com and FTX.US.