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FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

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FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in.

Creditors stake their claims to try to recoup some of their investment when businesses experience financial difficulties or bankruptcy. Based on estimates of the total amount recovered, investors frequently trade these claims. There is an increase in the estimated recovery value when the pricing of a claim rises.

FTX claims. Source: Claims Market

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