#otc
9 articles found
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FTX Creditors Feeling More Optimistic
The OTC trades of FTX creditor claims are now valued at over 50 cents per dollar lost. This signals a growing belief in recovering at least half of their assets. This surge follows the disclosure of FTX's substantial stake in the AI company, Anthropic. The potential sale of this stake holds promise for a more successful fund recovery for creditors. 
Justin Sun Acquires 5 Million CRV from Curve Founder
Justin Sun has purchased 5 million CRV from Curve founder Michael Egorov via OTC transactions at a price of $0.4. This move is set to marginally enhance Egorov’s position in FRAX.
Along with Justin, seven other addresses conducted OTC transactions with Michael Egorov at $0.4 per CRV.
Currently, CRV trades at $0.59.
Hopefully, the Curve founder can avert the liquidation of his position; otherwise, it could have a negative impact on a large number of protocols in the ecosystem. 
Evgeny Gaevoy: The CEO of Wintermute and Liquidity Provider
Last year's turbulence in the crypto market, which was marked by cyberattacks and growing uncertainty around the security of centralized platforms, has prompted a shift towards the OTC market. Wintermute CEO Evgeny Gaevoy believes that traders are now increasingly seeking alternative methods for trading and protecting their assets. 
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