According to Thomas Braziel, a partner at 117 Partners who specializes in FTX debt, the OTC price of some FTX debt has exceeded the debt by 50%. Last Friday, a debt of more than $20 million was sold at auction for about 52% of the price, but only the "largest and cleanest debt" could reach this price.
Enthusiasm around the value of FTX’s claims has grown since artificial intelligence company Anthropic recently announced a number of large investments. Creditors hope that the sale of Anthropic shares will help return funds to creditors, thereby achieving full debt recovery.