It was a good week for FTX creditors, words not many thought would be written at the end of 2022 after the crypto exchange filed for bankruptcy. But the tides have turned for the defunct entity. For one, crypto asset prices were essentially at their lowest when FTX went under, and its crypto holdings are worth a lot more now than they were before. The bankruptcy estate has managed to sell off shares in GBTC GBTC, its stake in the AI startup Anthropic, and its locked Solana SOL/USD tokens, all of which helped it rake in funds to pay back creditors.
Read the full story at The Block.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
