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Crypto Customers Sell Claims at a Loss to Avoid Bankruptcy Wait

Some customers with accounts stuck in failed cryptocurrency companies are choosing to take a big loss on their investments now to avoid dealing with uncertainties in drawn-out bankruptcies.

At least hundreds of customers burned by the collapses of FTX, Celsius Network LLC and Voyager Digital Ltd. are seeking to sell their cryptocurrency claims at deep discounts so they don’t have to wait months or even years to see what they might recover as the platforms move through chapter 11.

(By Jonathan Randles)

Related News:

FTX Diverted $200 Million of Customer Money for Two Venture Deals That Caught the SEC’s Attention

Binance US Is Not Buying Voyager's Crypto Assets For $1.02 Billion

Celsius Wants to Extend the Deadline for Claims as Lawyer Fees Mount

FTX Customers File Class Action to Claim Assets Within Bankruptcy Case

Galaxy Digital Gets Celsius Assets at 60% Discount After Crypto Lender’s Bankruptcy

FTX Token FTX Token $3.60
-6.61%
FTX Voyager Digital Crypto
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