The Rise in FTX Claim Pricing
The current claim pricing of FTX has experienced a significant surge, reaching a maximum of 55%, compared to as low as 6% in November of the previous year. According to data provided by Claims Market, the bid and ask prices for FTX claims are currently quoted at 52% and 55%, respectively.
In the context of a claims market, the terms “bid” and “ask” refer to the prices at which participants are willing to buy or sell claims. The bid represents the highest price that a buyer is willing to pay for a particular claim, indicating the demand for the claim at that price point. On the other hand, the ask represents the lowest price at which a seller is willing to sell their claim.
Compared to other entities, Celsius claims stand at approximately 35% to 40%, Genesis at around 50%, Alameda at 10% to 15%, and 3AC at a modest 7% to 9%. This surge in FTX’s claim pricing can be attributed to the skyrocketing valuation of Anthropic, the artificial intelligence (AI) company it has previously invested in.
