Unprecedented Anticipation for FTX2.0 as Cryptocurrency Institution Ikigai Swiftly Sells $65 Million FTX Claims

Travis Kling believes that this decision depends on the opportunity cost, whether to gamble on the debt market price continuing to rise or to retrieve some of the funds at a discount and invest in other products for profit.

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Ikigai sells tens of millions of dollars of FTX debt
Opportunity cost is more important
Bankruptcy team is too bad to expect FTX 2.0
FTX debt prices surge
Ikigai sells tens of millions of dollars of FTX debt
Travis Kling, the founder of cryptocurrency asset management firm Ikigai Asset Management, tweeted that due to the significant recovery of the FTX debt market price compared to expectations six months ago, Ikigai also negotiated a satisfactory price and therefore sold its $65 million claim in the FTX bankruptcy case.

Ikigai had not previously disclosed how much money was locked in FTX, but this amount can be considered among the top, and Ikigai will continue to operate its existing investment business after obtaining the funds, opening subscriptions to new investors, and establishing new risk mechanisms to prevent a recurrence of the FTX incident.

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How many well-known institutions have fallen victim to FTX?
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Opportunity cost is more important
Travis Kling stated that this decision depends on the opportunity cost, whether to gamble on the debt market price continuing to rise or to retrieve the original funds at a discount and invest in other products for profit.

However, he also did not want to give any recommendations because everyone’s situation is different.

Bankruptcy team is too bad to expect FTX 2.0
Travis Kling had previously been very interested in FTX 2.0, but he believes that the FTX bankruptcy team has performed very poorly, resulting in slow progress, and it is meaningless to wait for FTX 2.0 any longer.

Earlier reports showed that the FTX debt market price has risen from 50 to 53 cents per dollar at the end of October to the current 67 to 72 cents per dollar.

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FTX debt price surges to 73 cents, SOL surpasses XRP to become the fifth-largest token by market value
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Cherokee debt price
FTX debt
FTX 2.0
Ikigai
SBF
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Further reading
Former defense lawyer for FTX: SBF faced the worst cross-examination in history, losing the case was already destined
Interview with the founder of Solana, discussing SOL’s rebirth from the ashes, confirming that only two thousand units of Saga phones were sold.