Key Points:
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.
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.
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.
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
This website uses cookies.