BTC

$95503.389

-1.92%

ETH

$3297.709

-2.67%

XRP

$2.23

-1.02%

BNB

$654.603

-1.66%

News

FTX Creditors Payment Ratio Surges To 35%-40%: A Positive Turn Of Events

September 29, 2023 - Around 2 mins mins to read

Key Points:

  • FTX creditors payment ratio has risen to 35%-40% from 12% earlier this year.
  • Total claims against FTX amount to around US$16 billion, with consolidated assets of US$7 billion.
  • Anthropic’s valuation surge may positively influence creditor compensation.
FTX creditors payment ratio reaches 35%-40%, a significant improvement from earlier this year, offering hope to claimants.

According to data from Claims Market, the expected payment ratio for creditors’ claims against FTX has surged to 35%-40%, a remarkable improvement from the meager 12% observed at the start of the year.

FTX Creditors Payment Ratio Surges To 35%-40%: A Positive Turn Of Events
Source: Claims Market

To put this into perspective, the total value of claims against FTX stands at approximately US$16 billion, while the consolidated assets are around US$7 billion. The thereof figure represents a significant step forward in the process of compensating creditors, instilling newfound optimism in the crypto community.

Beside The FTX Creditors Payment Ratio

Furthermore, there’s an interesting twist to the story involving Anthropic reported by Wu Blockchain, an artificial intelligence company that FTX had invested in.

Anthropic recently completed a substantial financing round, leading to a substantial increase in its valuation. All of which could potentially have a positive impact on the assets available for distribution to creditors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Cryptocurrency exchange ftx

Exchange FTX

FTX

FTX Creditors

FTX Creditors Payment Ratio

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

FTX Creditors Payment Ratio Surges To 35%-40%: A Positive Turn Of Events

Key Points:

  • FTX creditors payment ratio has risen to 35%-40% from 12% earlier this year.
  • Total claims against FTX amount to around US$16 billion, with consolidated assets of US$7 billion.
  • Anthropic’s valuation surge may positively influence creditor compensation.
FTX creditors payment ratio reaches 35%-40%, a significant improvement from earlier this year, offering hope to claimants.

According to data from Claims Market, the expected payment ratio for creditors’ claims against FTX has surged to 35%-40%, a remarkable improvement from the meager 12% observed at the start of the year.

FTX Creditors Payment Ratio Surges To 35%-40%: A Positive Turn Of Events
Source: Claims Market

To put this into perspective, the total value of claims against FTX stands at approximately US$16 billion, while the consolidated assets are around US$7 billion. The thereof figure represents a significant step forward in the process of compensating creditors, instilling newfound optimism in the crypto community.

Beside The FTX Creditors Payment Ratio

Furthermore, there’s an interesting twist to the story involving Anthropic reported by Wu Blockchain, an artificial intelligence company that FTX had invested in.

Anthropic recently completed a substantial financing round, leading to a substantial increase in its valuation. All of which could potentially have a positive impact on the assets available for distribution to creditors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.