TechFlow reports, according to Bloomberg, that FTX Group's bankruptcy claims have significantly risen in price on secondary markets. Currently, on the claims trading platform Claims Market, the valuation of FTX claims—expressed as a percentage of face value—ranges between 57% and 73%. This increase is primarily driven by the overall strengthening of the digital asset market.
Data from Cherokee Acquisition shows that FTX claim valuations have climbed from 50%-53% at the end of October to the current 57%-73%. This shift followed an update released on October 16 by FTX’s bankruptcy administrators, which indicated that clients of both FTX.com and FTX US would collectively receive over 90% of the global distributable funds under the revised repayment plan, pending approval.
