TechFlow news — CoinShares announced the successful sale of its FTX claim. The agreement was signed today and remains subject to customary closing conditions. After deducting brokerage fees, the recovery rate reached 116%, generating £31.32 million in proceeds from a £26.6 million claim. The financial flexibility from this transaction will enhance CoinShares’ ability to reinvest and support investments in growth opportunities.
CoinShares CEO Jean-Marie Mognetti said: “The resolution of the FTX matter is highly favorable for CoinShares. This exceptional recovery rate reflects the diligence and expertise of our team. We remain committed to leveraging this success to deliver returns to our shareholders and drive further growth and innovation within the digital asset industry.”
