🌋 FTX Claims See Rising Sale Prices
posted 23 Dec 2023
Ikigai, an asset management company, has successfully sold its claim for asset restitution from the FTX exchange, amounting to $65 million.
Travis Kling, the Chief Investment Officer at Ikigai, indicated that the decision to sell was made due to the claim's unexpectedly high market value. The specific details of the sale price have not been revealed.
«I was (and still am) very interested in FTX 2.0. But the Debtors have fumbled that process so badly, and progress has been so slow, that it didn't make sense for us to hang around in the claim any longer waiting for something to maybe happen with 2.0,» Travis commented.
As per the information from Cherokee Acquisition, a company dealing in bankruptcy-related brokerage, the current market for FTX claims is varying between 57 to 73 cents per dollar, fluctuating based on the size of the claim.
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