Nikolas Gierczyk, an FTX client in California, said he sold $15.90 million of his debt to Olympus Peak, a hedge fund, at a "substantial 42 per cent discount" late last year, and that FTX had won approval for a bankruptcy restructuring plan this year and expected to repay between 129 per cent and 146 per cent of his clients. Mr. Gierczyk claimed Olympus Peak owed him a larger payout because the fund was expected to earn more than $1 million from their trades. Olympus Peak, located in Greenwich, Connecticut, did not immediately respond to a request for comment outside of business hours.