Vulture investors acquire FTX bankruptcy claims, potentially profiting from the exchange's downfall.
Vulture investors who bought bankruptcy claims from FTX, the collapsed cryptocurrency exchange, may see significant returns on their investments after the platform filed for bankruptcy in 2022. Specialized distressed asset investors began acquiring FTX's debt, positioning themselves to profit from the company's downfall by buying up its debts at a discounted rate and then selling them at a higher price once the dust settles.
May 03, 2024
16 Articles