<\/p>\n
The market for FTX creditor claims has been heating up, with some claims now reportedly selling for more than 50 cents on the dollar, according to Thomas Braziel, partner at 117 Partners \u2014 a firm specializing in crypto bankruptcy claims.\u00a0<\/p>\n
Braziel told Cointelegraph that a claim worth more than $20 million recently sold for between 52 cents and 53 cents at auction on Oct. 20, though noted that only the best claims typically reach this price tag, adding:<\/p>\n
\u201cThe market has really firmed up for smaller claims, with smaller claims being north of $500K to $800K and up.”<\/p><\/blockquote>\n
\u201cThose claims are now trading between the high-end of 30 cents and the lower end of 40 cents,\u201d he added, reiterating that only the \u201ccleanest\u201d claims with the right buyer could sell at these prices.<\/p>\n
The increased value of creditor claims appears to follow recent clawback efforts from the bankrupt crypto exchange, as well as capital-raising efforts from a company it had previously invested in.<\/p>\n
In April 2022, Anthropic raised $580 million in a series B funding round led by Sam Bankman-Fried, the former CEO of the now-defunct FTX. <\/p>\n
On Sept. 25, Amazon announced a $4 billion investment in Anthropic. Anthropic is looking to raise capital at a potential $30 billion valuation, making FTX\u2019s investment in the company worth somewhere between $3.5 and $4 billion. <\/p>\n
According to an Oct. 4 post from the FTX creditor coalition, this valuation could be enough to see FTX creditors made whole. <\/p>\n
\nAnthropic to raise from Google at 20-30B valuation, putting FTX’s stake at 3-4.5B.<\/p>\n
FTX customers now stand to be made whole. pic.twitter.com\/Vy9mZc8bEl<\/a><\/p>\n