CoinShares sells FTX claims at a recovery rate of 116%

ChainCatcher news, according to Finance Feeds, CoinShares announced that it has successfully sold its FTX claims, resulting in a 116% recovery rate after deducting brokerage fees, bringing a return of £31.32 million on a claim amount of £26.6 million.

The agreement was signed today and is subject to the usual closing conditions, the company stated, which will significantly enhance CoinShares' financial position.