Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar
Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported.Bankruptcy administration can take many years to resolve depending on the case’s complexity.
Bitcoin exchange Mt. Gox shut down in 2014 after being hacked for a reported 650,000 to 850,000 BTC. Some eight years later, administrators are only now preparing to distribute the remaining assets to users. Around 140,000 BTC will be repaid, representing an approximate 20% return on the lower estimate of total losses or a 16% return on the higher estimate.
Source
@CryptoWorldICOs
