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Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source
Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.
Updated Mar 9, 2024, 2:15 a.m. Published Feb 5, 2024, 7:57 p.m.
Cryptocurrency investment firm Multicoin Capital is in talks to sell its FTX bankruptcy claim, which has a value of roughly $100 million, according to a person familiar with the plans.
Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar and climbing towards the eighties.
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Firms like Multicoin, inadvertently caught up in the FTX collapse, have been approached by claims buyers for over a year now, and with the potential bids rising, these firms are weighing the opportunity cost of capital and opting to sell sooner rather than later.
Read more: FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
Multicoin Capital declined to comment.
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