{"id":165180,"date":"2023-09-29T17:31:28","date_gmt":"2023-09-29T12:01:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165180"},"modified":"2023-09-29T17:31:28","modified_gmt":"2023-09-29T12:01:28","slug":"ftxs-creditor-payment-ratio-skyrockets-to-40-what-you-need-to-know-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftxs-creditor-payment-ratio-skyrockets-to-40-what-you-need-to-know-crypto-news\/","title":{"rendered":"FTX&#8217;s Creditor Payment Ratio Skyrockets to 40% \u2014 What You Need to Know &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1707700090113315179\">FTX<\/a>, the cryptocurrency exchange that filed for bankruptcy at the end of 2022, is showing signs of financial recovery that could be a game-changer for its creditors. According to Claims Market, the current expected payment ratio for creditors&#8217; claims against FTX has soared to an astonishing 35%-40%. This is a significant leap from the meager 12% that was projected at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/coinbase-considered-buying-ftx-branch-to-enter-europe-with-crypto-derivatives\">beginning<\/a> of the year. What does this mean for the average investor and the cryptocurrency community at large? Let&#8217;s dive in.<\/p>\n<p dir=\"ltr\">The total amount of claims against FTX currently stands at a staggering $16 billion. On the flip side, the company&#8217;s consolidated assets are valued at around $7 billion. While these numbers may seem daunting, the recent spike in the expected payment ratio is a glimmer of hope for creditors.\u00a0<\/p>\n<p dir=\"ltr\">A payment ratio of 35%-40% means that creditors can now expect to recover a much larger portion of their claims, which is a significant improvement and a sign of potential recovery for FTX.<\/p>\n<p dir=\"ltr\">One of the key drivers behind this positive shift is FTX&#8217;s investment in Anthropic, an AI company that recently completed a massive financing round. The valuation of Anthropic has skyrocketed, indirectly boosting FTX&#8217;s asset value and, consequently, the expected payment ratio for creditors.\u00a0<\/p>\n<div class=\"raw-html-embed\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">According to Claims Market, the current expected payment ratio of creditors&#8217; claims against FTX is 35%-40%, which is the highest value since FTX&#8217;s bankruptcy at the end of 2022, far exceeding the 12% at the beginning of the year. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/IWmGLhciuw\">https:\/\/t.co\/IWmGLhciuw<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/RZ8fUIoMiL\">https:\/\/t.co\/RZ8fUIoMiL<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1707700090113315179?ref_src=twsrc%5Etfw\">September 29, 2023<\/a><\/p><\/blockquote><\/div>\n<p dir=\"ltr\">For the average <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/trading-legend-john-bollinger-indicates-potential-surge-for-bitcoin\">cryptocurrency<\/a> enthusiast, this development is more than just numbers and percentages. It is a testament to the resilience and potential for recovery within the crypto industry. Companies can bounce back, and smart investments can yield significant returns, even in the face of adversity.<\/p>\n<p dir=\"ltr\">Beyond <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/legendary-trader-peter-brandt-alerts-ftx-users-of-this-crucial-date-details\">FTX<\/a> and its creditors, this news could have broader implications for the cryptocurrency market. A recovering FTX could mean increased stability and renewed investor confidence in the crypto space.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FTX, the cryptocurrency exchange that filed for bankruptcy at the end of 2022, is showing signs of financial recovery that could be a game-changer for its creditors. According to Claims Market, the current expected payment ratio for creditors&#8217; claims against FTX has soared to an astonishing 35%-40%. This is a significant leap from the meager [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-165180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165180"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165180\/revisions"}],"predecessor-version":[{"id":165183,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165180\/revisions\/165183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165181"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}