#otc

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 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.

In the last two years, over half of the USDT addresses on the Tron network connected with OTC trading or businesses have shown medium to high vulnerability concerns.