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TechFlow reports that a bold investment by hedge fund Diameter Capital Partners in the FTX cryptocurrency exchange bankruptcy case is delivering substantial returns. The fund initially expected FTX's claims to be worth over 20% of face value, but these claims are now trading at over 100% of face value.
Hedge fund Diameter Capital Partners is reaping substantial returns from a bold investment in the bankruptcy of cryptocurrency exchange FTX. The fund initially expected FTX's claims to be worth more than 20% of face value, but these claims are now trading at over 100% of face value.
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