Odd Lots
People Are Already Buying Depositor Claims on FTX
Crypto distressed buyers get active
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It looks like some traders who have money stuck on the fallen cryptocurrency exchange FTX are already selling their claims in over-the-counter trading.
Thomas Braziel, the founder of 507 Capital, who has been active in past crypto bankruptcies, says he’s currently seeing claims being sold “between 5 cents and 8 cents on the dollar” in private offerings.