Simon Dixon's tweet gave a clear insight into the extent to which cryptocurrency investments, especially for claims pertaining to Chapter 11, are in demand. The screenshot he shared, showed specific details of how much sophisticated investors were paying for certain claims.
It was revealed that FTX Trading Ltd and Celsius Network charges up to 28% and 26% respectively for claims worth over $5 million, while Voyager Digital Holdings and BlockFi Inc. asked for 25% and 18%. Additionally, 3AC Loans merely charged 7 to 9%, and Genesis Global asked for a whopping 50 to 55% for claims worth $5+ million.
The response to Dixon's tweet shows how many cryptocurrency investors were looking to leverage the opportunity provided by the claim exchange. It also appears to be an indication of how lucrative the market is at present, especially for those looking to get involved in sophisticated investments.
Victoria Lopez
- 2023-04-11
Crypto Investment Opportunities for Chapter 11 Claims
Simon Dixon's tweet gave an insight into the extent to which cryptocurrency investments, especially for claims pertaining to Chapter 11, are in demand. It was revealed that FTX Trading Ltd, Celsius Network, Voyager Digital Holdings, BlockFi and Genesis Global charged respective rate that can go up to 28% and even 50%.
