FTX Claims Rise After Potential Bidders for Shuttered Exchange Emerge
- Advisor said the company is engaging with ‘multiple parties’
- Claims range from rights to FTX accounts to damages owed
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Prices for FTX Group claims shot higher after an adviser to the failed crypto conglomerate said it is considering proposals from three bidders for its currently shuttered exchange.
Cherokee Acquisition, which brokers bankruptcy claims, is now quoting larger FTX claims between 50 and 53 cents on the dollar, according to founder Vladimir Jelisavcic. Prices were in the low-to-mid 40 cents range last week.