The estimated loss ratio of FTX's debt has risen to 93% and is expected to continue to rise with the sale of Anthropic

According to data collated by Cherokee Acquisition, an investment bank that specializes in bankruptcy claims and provides liquidity for FTX claims, the estimated loss ratio (the value of the debt as a percentage of the face value) of FTX claims has risen to between 93% (Bid) and 97% (Ask) on March 22. It's worth mentioning that Cherokee Acquisition's data is updated weekly, and given that FTX has announced yesterday that it will sell two-thirds of its Anthropic stake for $884 million, its debt valuation is expected to continue to rise when the data is updated next (March 29).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)