CoinShares Sells FTX Claim, Secures $39M Return
CoinShares has announced the successful sale of its FTX claim and will reinvest $39.78 million from the sale into growth opportunities and enhanced client services An official press release reports that the agreement, which is still subject to customary closing conditions, is expected to result in a recovery rate of 116% net of broker fees. […]
Attestor Capital Sues FTX Claim Seller Lemma
Attestor Capital, a leading FTX claim holder, has initiated legal proceedings against Lemma, a seller in the insolvency claims market, after making a 200% profit on the purchased FTX claims stash. The London-based hedge fund Attestor specializes in private equity and distressed assets. In addition to Diameter Capital Partners and Silver Point Capital, the firm […]