Deals
Vulture Investor Argo Partners Offers to Buy Quadriga Claims
- Claimants offered upfront payment, share of distributions
- Canadian crypto exchange collapsed after death of founder
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Argo Partners, a New York-based firm that specializes in buying distressed assets, is offering to purchase claims against the collapsed cryptocurrency exchange QuadrigaCX.
“We offer an upfront, guaranteed payment and also the ability to share distributions if they go above a certain point,” Jonathan Maruri, head of trading at Argo, said in a LinkedIn message. “Given the unknowns in a case like this, we have found it useful to offer creditors deals that lock in rates of recovery early in the case while also protecting themselves from the case taking a turn for the better.”