The $91.7 million FTX claim on Xclaim may be sold at a price of 13% of the account balance

2023-01-11 20:44:31
Collection

ChainCatcher news, according to CoinDesk, data listed on the bankruptcy claims trading market Xclaim shows that the $91.7 million in FTX claims listed on Xclaim may be sold at 13% of the account balance. The trading prices for claims from Voyager, BlockFi, and Celsius are 41%, 28.5%, and 18.5% of the account balance, respectively.

Andrew Glantz, Chief Strategy Officer of Xclaim, stated that the significant discounts are due to the lack of public information regarding the claims. Most creditors still cannot access their accounts and are even unable to provide basic screenshots of their accounts, making it more difficult to verify whether they actually owe money.

It is reported that FTX's creditors are mainly concentrated in Asia, with half from Singapore, 15% from China, and 23% from Taiwan. (source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators