Expected payout ratio for FTX claims rises to 80%
Before the evaluation hearing on January 25th, the claim price of the cryptocurrency exchange FTX had risen, and creditors expected the ruling to support their demand for repayment in cryptocurrency spot. According to investment bank Cherokee Acquisition, which specializes in bankruptcy claims and provides liquidity for FTX creditors, FTX claim now trades at nearly 80 cents per dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US prosecutors oppose Mango Market exploiter's motion for acquittal
Dfinity, Cambodia agree on advancing smart city innovation
Crypto Market Faces 55% Pullback, Allocators Eye Favorable Risk as Conditions Improve
Solana to Launch Seeker Phone in 2025 with Upgraded Crypto Features