It has an emotional impact on me to note that FTX claims are now trading at 50%. This means that on expectation, people are gonna get about half of what their assets were worth, had they help them until this time.
I don’t really understand whether it should change the way we understand the situation, but I think a lot of people’s life savings were wrapped up here and half is a lot better than nothing.
I am not confident on the reasons why this is, but I think it’s because Anthropic and the cryptocurrency Solana are now trading a lot higher. My last memory (bad do not trust) is that FTX has about 11bn in debt against 4bn in assets. I think Anthropic and the Sol they hold have both gone up by about a billion since then.
I dunno folks, but I hope people get their money back—and I know that includes some of you.
It has an emotional impact on me to note that FTX claims are now trading at 50%. This means that on expectation, people are gonna get about half of what their assets were worth, had they help them until this time.
I don’t really understand whether it should change the way we understand the situation, but I think a lot of people’s life savings were wrapped up here and half is a lot better than nothing.
src: https://www.bloomberg.com/news/articles/2023-10-25/ftx-claims-rise-after-potential-bidders-for-shuttered-exchange-emerge
I am not confident on the reasons why this is, but I think it’s because Anthropic and the cryptocurrency Solana are now trading a lot higher. My last memory (bad do not trust) is that FTX has about 11bn in debt against 4bn in assets. I think Anthropic and the Sol they hold have both gone up by about a billion since then.
I dunno folks, but I hope people get their money back—and I know that includes some of you.