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Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source

Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.

By Ian Allison
AccessTimeIconFeb 5, 2024 at 7:57 p.m. UTC
Updated Mar 9, 2024 at 2:15 a.m. UTC
Multicoin Managing Partner Kyle Samani (Danny Nelson/CoinDesk)
Multicoin Managing Partner Kyle Samani (Danny Nelson/CoinDesk)
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Cryptocurrency investment firm Multicoin Capital is in talks to sell its FTX bankruptcy claim, which has a value of roughly $100 million, according to a person familiar with the plans.

Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar and climbing towards the eighties.

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    • Firms like Multicoin, inadvertently caught up in the FTX collapse, have been approached by claims buyers for over a year now, and with the potential bids rising, these firms are weighing the opportunity cost of capital and opting to sell sooner rather than later.

    Read more: FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

    Multicoin Capital declined to comment.

    Edited by Nick Baker.

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    Ian Allison
    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

    Follow @IanAllison123 on Twitter

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