"After the news of FTX possibly restarting the exchange was announced, FTX large bond quotes rose to 50 cents."

2023-10-26 08:32:49

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ChainCatcher news, according to Bloomberg, the prices of the company's debts rose following the announcement that "FTX is negotiating with three bidders to restart the exchange." The distressed asset investment firm Cherokee Acquisition stated that the bids for FTX's larger debts are between 50 and 53 cents, compared to last week's bids of over 40 cents. Since FTX filed for bankruptcy last year, FTX executives have recovered about $7 billion in assets, and the prices of FTX's debts have been relatively stable and rising over the past year. Large hedge funds have also been buying and selling these debts, including rights to FTX accounts and related loss compensation.
Previous report, FTX is negotiating with three bidders to restart the exchange and will make a decision by mid-December. Options include selling the entire exchange or bringing in partners to help restart the exchange. Additionally, FTX is also considering restarting its own trading platform.

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