FTX creditor claims are being offered at 13 cents on the dollar as investors see difficult road ahead in recouping lost funds

Jan 11 2023 by Business Insider

 

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FTX creditor claims are being offered at 13 cents on the dollar on bankruptcy claims marketplace Xclaim. Xclaim has listed over $91 million worth of FTX customer claims, the company told Insider.  FTX creditors are willing to take steep losses to recoup funds amid the company's uncertain bankruptcy process.

FTX creditors appear willing to take steep losses in an effort to recoup something from Sam Bankman-Fried's bankrupt cryptocurrency exchange.

Customers are likely to...

Continue Reading FTX creditor claims are being offered at 13 cents on the dollar as investors see difficult road ahead in recouping lost funds