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Top asset management team helps you profit without hassle
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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).