In the over-the-counter markets where bankruptcy claims are traded by investors, the anticipated payouts for FTX creditors have significantly increased this year. This rise signifies the estate's successful efforts to reclaim billions of dollars in assets. There are significant other assets that could be reclaimed. Matrixport, a cryptocurrency services provider monitoring the market, has compiled data revealing that the projected compensation for claims made by FTX creditors has surged to an average of 37 cents on the dollar. This represents the highest level since the bankruptcy filing in late 2022 and marks a substantial increase from slightly over 10 cents at the beginning of 2023. The bankruptcy process is expected to stretch into 2024. This market resolves to "Yes" if CoinDesk or Matrixport report that an FTX account has traded for more than 60% before the close of this market. IE 60% of the current value of the coins it had at the time of bankruptcy. Alternatively, it resolves to "No" if the process is still ongoing or it is complete with payouts worth less than 60%.

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Any FTX Account Sold For >60% Before May 2024?

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