The FTX claim price exceeds 100 cents in USD

Earlier this week, FTX released detailed information about its payment plan and admitted that by the end of the bankruptcy case later this year, the company will have up to $16.3 billion available for payment. Court documents show that the company owes customers and other non-government creditors about $11 billion. FTX stated in court documents that shareholders are not expected to receive any returns. Market data from Cherokee Acquisition shows that FTX's claim price exceeds 100. In December 2022, just a few weeks after FTX filed for bankruptcy, many funds began buying customer account claims from the collapsed exchange at only 3% of face value. Investors who bought these claims (including Diameter, Farallon and Oaktree) should receive substantial compensation, but there are still potential complexities in the future.