Kling

Arbitrum

<ul> 
 <li>According to sources, creditors might get as much as 73% of the original investment.</li> 
 <li>Kling did not specify how much the business had sold the claim for.</li> 
</ul> 
The asset management business Ikigai said that it had liquidated its claim in the bankruptcy proceedings of FTX, after disclosing that a significant portion of its hedge fund’s assets had been held by the exchange at the time of its downfall. 
Travis Kling, chief investment officer of <a href="https://www.ikigai.fund/" target="_blank" rel="noreferrer noopener nofollow">Ikigai</a>, said on Twitter on December 22 that the company sold a $65M claim to its <a href="https://thenewscrypto.com/ftx-bankruptcy-legal-expenses-reportedly-climbs-over-350-million/" target="_blank" rel="noreferrer noopener">FTX</a> funds due to the fact that the price was “much, much higher” than anticipated. 
<h3 class="wp-block-heading" id="h-exact-figure-unknown">Exact Figure Unknown</h3> 
According to sources, certain creditors might get as much as 73% of the original investment, which would be the biggest price since FTX’s collapse in November 2022. However, Kling did not specify how much the business had sold the claim for. 
Kling stated: 
<blockquote class="wp-block-quote"> 
 “At the end of the day, the decision on whether to sell the claim was mostly a function of opportunity cost – how much do you think the claim price would increase in the future vs taking the cash now and deploying it into something else that can earn a return.” 
</blockquote> 
Attorneys and brokers are still contacting impacted users, almost a year after FTX and several of its subsidiaries declared <a href="https://thenewscrypto.com/bankruptcy-court-greenlights-defunct-ftx-to-sell-873m-worth-assets/" target="_blank" rel="noreferrer noopener">bankruptcy</a>, with the offer to sell their claims. Instead of waiting months or perhaps years for possible reimbursement from the FTX creditors, investors may obtain some of their lost assets back quickly. 
To avoid missing out on a possible bull run, several creditors have said on social media that they would rather have the money sent to them sooner so that they may invest in cryptocurrency. But if they do cash out, they could not get the bigger reward after FTX’s bankruptcy process is over. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/arbitrum-hits-8-month-high-whales-drive-arb-accumulation/" target="_blank" rel="noreferrer noopener">Arbitrum Hits 8-Month High; Whales Drive ARB Accumulation</a>

Asset Management Firm Ikigai Liquidates $65M Claim in FTX

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