Several investors of FTX, BlockFi, Voyager Digital and Celsius Network put their claims on sale.
Various investors that once believed in the future of cryptocurrency exchanges and lenders are ready to pass on their claims.
According to the data shared by claim trading startup Xclaim, investors from FTX, BlockFi, Voyager Digital and Celsius Network are looking to sell their claims.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
As all of the above-listed companies have started bankruptcy proceedings, hundreds of investors have placed their claims for sale, aiming to recover at least a part of invested funds.
At the time of writing, there are 9,269 claims listed, with 9,076 on Celsius Network, 97 claims on Voyager Digital, 72 claims on FTX and 24 on BlockFi.
Celsius Network filed for Chapter 11 bankruptcy proceedings on July 13th, 2022, in the US Bankruptcy Court for the Southern District of New York. The total amount of the investor claim portfolio is valued at over $1 billion, with the biggest claim amount worth $18,010,359.
Voyager Digital filed for bankruptcy on July 6th, 2022, in the US Bankruptcy Court for the Southern District of New York. The 97 Voyager Digital investor claims are valued at around $5 million, with the biggest claim amount worth around $1.2 million.
Another crypto lender BlockFi filed for bankruptcy on November 28th, 2022, in the United States Bankruptcy Court for the District of New Jersey. On the Xclaim platform, the total amount of uploaded claims is worth $25 million, with the biggest claim amount worth around $20 million.
Lastly, cryptocurrency exchange FTX filed for Chapter 11 bankruptcy on November 11th, 2022, in the US Bankruptcy Court in the District of Delaware. The investor FTX claims on the Xclaim are valued at around $79 million, with the biggest claim amount worth $16.6 million.
Xclaim founder Matt Sedigh told the Wall Street Journal that the company has been receiving calls from creditors from around the world, with the majority of claims coming from investors based in Hong Kong, China and Taiwan.
Based on some reports, Invictus Global Management, Contrarian Capital Management and NovaWulf Digital Management have purchased some of the claims.