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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ftx-creditors-anticipate-repayment-as-claim-prices-surge" rel="noopener noreferrer nofollow">FTX Creditors Anticipate Repayment as Claim Prices Surge</a> 
Ahead of a key court hearing on January 25, prices for claims against the bankrupt <a href="https://en.bitcoinhaber.net/usdcs-remarkable-growth-in-the-crypto-market" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange FTX have risen, signaling that creditors are expecting a favorable decision regarding their repayment in cryptocurrency. According to Cherokee Acquisition, a firm that provides liquidity for FTX claims, the claims are now trading at nearly 80 cents on the dollar.
Claims Market, managed by a creditor firm, reported that prices continued to climb before the court hearing where FTX’s crypto price list is expected to be approved. FTX has offered to repay creditors based on the cryptocurrency prices on the day of its bankruptcy, but creditors are determined to receive payments based on the number of lost tokens, not market prices.
Data from Cherokee Acquisition and Claims Market shows that claims worth over $3 million have increased by up to 80%. In November 2022, FTX’s claim pricing reached a rate of 57%, which was attributed to the success of its investments in artificial intelligence (AI) companies.
A higher percentage of claim value reflects increased confidence among creditors about receiving substantial repayments. Meanwhile, claim prices for other bankrupt crypto firms like Alameda Research, Genesis Global, and 3AC Loans have also seen significant increases.
Amid these developments, over a hundred objections have been filed by individual FTX customers from South Korea, the United States, Canada, and the United Kingdom against the debtors’ claim estimation requests. Approximately one million creditors are trying to navigate the FTX bankruptcy process, with the top 50 creditors alone owed $3.1 billion, as revealed in a court filing.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/ftx-creditors-anticipate-repayment-as-claim-prices-surge" rel="noopener noreferrer nofollow">FTX Creditors Anticipate Repayment as Claim Prices Surge</a></h5>

FTX Creditors Anticipate Repayment as Claim Prices Surge

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