FTX just sold nearly $2 billion of SOL at a steep discount. Here's what that means for creditors
The bankrupt crypto exchange FTX has reportedly sold about two-thirds of its $2.6 billion in Solana tokens.
Source: fortune.com
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Hedge funds that scooped up FTX bankruptcy claims are looking at 9-figure paydays. One investor shares how he could rake in $25 million
Meanwhile, hedge funds have bought over $2.3 billion worth of steeply discounted claims, and are expecting to be paid back in full.
Source: fortune.com
The hot new market in crypto? Trading FTX's carcass.
After the FTX cryptocurrency exchange filed for bankruptcy last year, Thomas Braziel, an investor who specializes in collapsed businesses, started brokering an unusual kind of transaction: a market to profit from FTXs downfall.
Source: indiatimes.com
The Hot New Market in Crypto? Trading FTX's Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm's new leaders will recover the money that Sam Bankman-Fried misappropriated.
Source: newsoninvest.com
The Hot New Market in Crypto? Trading FTX's Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
Source: nytimes.com