Ikigai Asset Management sells $65 million debt following FTX bankruptcy

Reports suggested that a few FTX creditors were able has get up has 73 cents on THE dollar For sale their complaints in front of any of them bankruptcy court procedure.

Ikigai, A active management farm that revealed A big majority of It is hedge funds assets had has been on FTX When he collapsed, said he had sold It is claim In THE Exchanges bankruptcy procedure.

In A Dec. 22 job on X (Previously Twitter), Ikigai Chief Investment Officer Travis Kling said THE farm sold A $65 million claim has It is FTX funds because THE price was "a lot, a lot upper" that expected. Kling did not say has What price THE farm had sold THE claim, but reports suggested that a few creditors could get up has 73 cents on THE dollar — THE The highest price Since FTX collapse In November 2022.

"HAS THE END of THE day, THE decision on if has sell THE claim was Above all A function of opportunity cost - how a lot TO DO You think THE claim price would be increase In THE future against socket THE species NOW And deployment he In something other that can earn A back," said Kling. "NOW that We to have received THE species product Since THE sale of THE claim, all of OUR investors that to want has redeem Since THE funds are able has TO DO SO. THE big majority of THE capital East stay In THE funds. »

He added:

"I was (And always am) very interested In FTX 2.0. But THE Debtors to have groped that process SO wrong, And progress has has been SO slow, that he doesn't TO DO sense For We has hang around In THE claim any of them longer waiting For something has maybe arrive with 2.0."

**Update**

We recently sold OUR $65mm claim In THE FTX bankruptcy.

We obtained A price We were happy with And A price that was a lot, a lot upper that We were waiting just six m...