FTX Creditor Claim Market Sees Spike in Value after Recent Developments

Theres been a surge in the value of claims against FTX, a former cryptocurrency exchange. Recent reports indicate some of these claims are now selling for over half their initial value. Thomas Braziel, an expert at 117 Partners which deals in cryptocurrency bankruptcy issues, disclosed that top-tier claims are fetching these high prices. He cited the sale of a claim exceeding $20 million, which was auctioned for approximately 52 to 53 cents on the dollar on October 20. However, Braziel was keen to highlight that only the most pristine claims can command such prices. He observed a firming...

source: https://tokenpost.com/FTX-Creditor-Claim-Market-Sees-Spike-in-Value-after-Recent-Developments-10862

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