FTX creditor claims purchase price rises to as high as 65 cents per dollar

Odaily News As recovery prospects for FTX creditors continue to improve, larger FTX claims are selling for as much as 60 cents to 65 cents per dollar. In late October, some over-the-counter (OTC) FTX creditor claims traded at prices above $0.50 per dollar. FTX debt claims expert Thomas Braziel said he believes the outlook is likely to continue to improve. He said: The claim amount should be close to the expected range of recovery, probably above 80% to 90%. However, Baziel, a partner at 117 Partners, confirmed that some claims are currently being quoted as high as 0.60 to 0.65 per dollar, but for some, , getting this price range will be difficult. He emphasized that only clean, multi-million dollar claims are likely to approach 0.65 per dollar, and multiple large distressed companies are now entering the 60-cent range. (The Block)