Financial Times<\/a>, Co-founder Kevin Zhou told investors that the fund had sold its bankruptcy claim for 16 cents on the dollar. <\/p>\n\n\n\nXClaims\u2019 Chief Strategy Officer stated last month that the discount on FTX bankruptcy claims was partly due to the customers\u2019 inability to access their trading accounts. This prevented them from providing the details needed to improve the quality of their claims. According to bankruptcy claims broker Cherokee Acquisition, the considerable discount has not deterred affected users from selling their claims. Customers and other creditors holding roughly $1 billion worth of FTX bankruptcy claims have lined up to get an early payout rather than wait for the legal proceedings to conclude. <\/p>\n","protected":false},"excerpt":{"rendered":"
FTX bankruptcy claims are selling for as low as 16 cents on the dollar in secondary markets. Distressed asset funds are projecting a recovery in five years. <\/p>\n","protected":false},"author":62,"featured_media":581033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,22,2,26],"tags":[108610,7704],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581030"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=581030"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581030\/revisions"}],"predecessor-version":[{"id":581034,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581030\/revisions\/581034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/581033"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=581030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=581030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=581030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}