WSJ: At Least Hundreds of FTX, Celsius, and Voyager Clients Are Selling Debt at Deep Discounts

According to the Wall Street Journal, at least hundreds of customers who suffered losses from the FTX, Celsius Network and Voyager Digital debacles are seeking to sell their cryptocurrency claimable claims at deep discounts so they don’t have to wait months or even years. Distressed asset investment firm Cherokee Acquisition said customers and other creditors holding about $1 billion in claimable claims on FTX and about $100 million in claims on Celsius Network have expressed interest in selling through an online marketplace operated by bankruptcy claims brokers and buyers Cherokee Acquisition They, of which nearly 500 users have posted claims worth about $126 million on bankruptcy claims trading startup Xclaim Inc., currently account for about $91.7 million in FTX, about two-thirds of which come from mainland China, Hong Kong and China Creditors in Taiwan.