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FTX high-value creditors: Some creditor agents or intermediaries sell anxiety to lower the price of creditor rights, and the arbitrage space is conservatively estimated to be 20% to 30%.
Odaily News FTX high-value creditor Will (@zhetengji) said in an interview: If a third-party institution buys your debt, your original country of holding will no longer be considered when determining compensation eligibility. Some creditors suggest selling the debt to addresses with compliance qualifications. Some so-called debt agents or intermediaries, especially a considerable number of them are also Chinese. In this process, they continue to sell anxiety to the community, create panic through various means, and then lower the price of debt. In such an environment, many friends who were already very anxious were forced to choose to sell their debts at a low price. The arbitrage space is conservatively estimated to be between 20% and 30%. In the bankruptcy liquidation of FTX, the debt is calculated based on the accumulation of 9% interest per year, so how much you can get back in the end depends on the time dimension and the scale of the assets finally recovered. (BlockBeats)
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