FTX claims have risen to 50 to 53 cents per dollar

FTX debt on distressed investment firm Cherokee Acquisition is now quoted at 50 to 53 cents on the dollar, having been in the mid-40s range last week. Since FTX went bankrupt and began recovering billions of dollars in assets, the price of FTX claims has been rising relatively steadily, and major hedge funds have been buying and selling interests in these claims, which range from interests in FTX accounts to compensation for losses from abandoned contracts. . (Bloomberg) According to previous news, FTX is considering proposals from three bidders to restart the exchange and will make a decision on how to proceed by mid-December. FTX is currently negotiating with investors on the details of a potentially binding offer.