FTX large creditors: Some "debt agents" or intermediaries are selling anxiety to lower debt prices, with an estimated arbitrage space of 20% to 30%.

On July 7, FTX's major creditor Will (@zhetengji) stated in an interview with BlockBeats: "If a third-party institution buys your debt, your original country of holding will no longer be considered when determining compensation eligibility. Some creditors suggest selling the debt to compliant addresses, some so-called 'debt agents' or intermediaries, many of whom are also Chinese. They continuously sell anxiety to the community during this process, creating panic through various means, which in turn lowers the debt price. In such an environment, many originally anxious individuals are forced to choose to sell their debts at low prices. The arbitrage space is conservatively estimated to be between 20% and 30%. In FTX's bankruptcy liquidation, the debt is calculated with an interest accumulation of 9% per year, so how much can ultimately be recovered will depend on the time dimension and the scale of the assets recovered." The full interview content has been published in BlockBeats' internal article "How to Recover 380 Million When FTX Chinese Creditors Are Discriminated Against?".