FTX customers are reportedly taking huge losses on their outstanding investments so they don't have to wait months for bankruptcy claims

Dec 29 2022 by Business Insider

 

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FTX customers are selling their bankruptcy claims at steep discounts, according to reports.  Customers holding a total of $1 billion in credit claims expressed interest in selling through bankruptcy claims buyer Cherokee Acquisition.  Cherokee's online marketplace pays 8 to 12 cents on every dollar of FTX deposit claims.

FTX customers whose funds are stuck on the embattled crypto exchange are selling their credit claims at steep discounts amid an uncertain and...

Continue Reading FTX customers are reportedly taking huge losses on their outstanding investments so they don't have to wait months for bankruptcy claims