The cryptocurrency asset management company Ikigai has sold $65 million worth of FTX claims

ChainCatcher news, Ikigai Chief Investment Officer Travis Kling posted on X yesterday that the company sold its $65 million debt from the FTX fund because the price was "much, much higher" than expected. Kling did not disclose the price at which the company sold the debt, but reports indicate that some creditors could receive as much as 73 cents on the dollar, the highest price since FTX's collapse in November 2022. Kling stated that since the collapse of FTX, Ikigai has opened new subscriptions for existing investors for the first time, providing new funding. Ikigai has already reformed its business to prevent a repeat of a situation similar to FTX.

Additionally, Kling noted that the market seems to be moving towards another bull market cycle. His biggest hope is that the industry does not mess up this opportunity. "What I worry most about is that if we mess it up again like last time, we may never get another chance."