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CoinShares Secures $39.78 Million from FTX Claim Sale
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CoinShares International, a leading European digital asset investment firm, successfully concluded the sale of its claim against the bankrupt cryptocurrency exchange FTX on June 24. The transaction, which still needs to clear some legal hurdles, is set to yield $39.78 million.
According to a press release, the claim sale is a huge financial win for CoinShares, which achieved a 116% recovery rate after broker fees. The company’s claim, which was initially valued at about $33.78 million, has now increased to $39.78 million.
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