The pricing of the rights of creditors of the bankrupt cryptocurrency exchange FTX rose by as much as 57%.
According to Claims Markets data, the remaining rights on FTX rapidly gained value within a few days. While this rate stands between 35-40% for Celsius, 10-15% for Alameda, 7-9% for Three Arrows Capital, the rate for Genesis is close to 50%.
These rights represent certain amounts of creditors’ money in the companies. Creditors can assert their rights to get back some of their investments when companies go bankrupt in such cases.
As a result of the process, creditors How much money will be refunded in total? can trade these rights by guessing. a right priced higher, the amount of money expected to be received in total indicates that it is also increasing.
FTX’s rise may be due to the company’s past investments in artificial intelligence start-ups. of these companies market value As it has shown significant growth, the rights of FTX creditors have also gained value.
At the end of last month, it was learned that three different investors showed interest in the company to re-establish FTX. The rights to FTX increased to the range of 50-53 cents per dollar after this news.