Coin

<ul class="news-points"> 
 <li>FTX bankruptcy claims price reached an all-time high of 57%</li> 
 <li>The surge is due to the value of AI companies FTX invested in.</li> 
 <li>FTX debtors said creditors could expect a payout in mid-2024.</li> 
</ul> 
In light of recent developments in the ongoing <a href="https://coinedition.com/tag/Bankman-Fried/">Sam Bankman-Fried</a>’s trial on Claims Market, a platform dedicated to bankruptcy claims, data indicates a significant surge in the current claim pricing of FTX.&nbsp; 
Notably, data from the platform shows that FTX’s bankruptcy claims have been on an uphill climb since mid-October. At present, these claims are trading at 57% of their expected payout, up from 37% in September and 15% in January 2023.&nbsp; 
When a company goes bankrupt, creditors often sell their credit claims to expedite the process. Thus, speculators who invest in distressed assets acquire these claims. The price of these claims often serves as an indicator of the expected recovery for victims.&nbsp; 
According to a post by Wu Blockchain on X (formerly Twitter), the surge in claim pricing may be a result of the skyrocketing valuation of AI companies in which FTX previously invested. Meanwhile, Celsius, Genesis, Alameda, and 3AC show varying claim prices, currently ranging …
The post <a href="https://coinedition.com/defunct-exchange-ftx-bankruptcy-claims-price-hit-record-high-57/">Defunct Exchange FTX Bankruptcy Claims Price Hit Record-High 57%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Defunct Exchange FTX Bankruptcy Claims Price Hit Record-High 57%

Coin Edition

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