TechFlow reported, according to The Block, Thomas Braziel, partner at 117 Partners which specializes in FTX claims, said that valuations for some over-the-counter FTX creditor claims have exceeded 50%, indicating the market currently expects about half of user assets to be recovered. Braziel noted that a claim worth over $20 million was sold at last Friday's auction for approximately 52% of its face value, although only the "largest and cleanest claims" can achieve this price level.
Enthusiasm surrounding the value of FTX claims has grown since AI company Anthropic recently announced several major investments. Creditors hope that proceeds from the sale of Anthropic shares will help return funds to creditors, potentially enabling full recovery of claims.
