Terra

<p>The post <a href="https://coinpedia.org/crypto-live-news/coinshares-achieves-116-recovery-on-ftx-claim/" rel="noopener noreferrer nofollow">CoinShares Achieves 116% Recovery on FTX Claim</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>CoinShares International has successfully sold its FTX claim, achieving a net recovery rate of 116% after broker fees. This sale yielded £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim. The proceeds will be reinvested into growth opportunities to improve client services. CEO Jean-Marie Mognetti praised the team’s diligence and expertise, which resulted in this favorable outcome. Despite incurring losses from Terra (LUNA) previously, CoinShares now demonstrates a commendable recovery. The company aims to increase shareholder returns and promote further industry innovation.</p>

CoinShares Achieves 116% Recovery on FTX Claim

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