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could you show us how to look up this info? its fascinating and as a financially savvy trader i'm surprised i was never taught this in business school
by swyx 3y ago
could you show us how to look up this info? its fascinating and as a financially savvy trader i'm surprised i was never taught this in business school
- snypher 3y agoThere are places like this; https://www.x-claim.com/marketplace/how-it-works https://www.x-claim.com/marketplace/how-it-works
- Scoundreller 3y agoBuying a creditor’s claim is nothing new. But they’re usually a bad deal for the unfortunate creditor in a bankruptcy unless you absolutely positively need liquid cash immediately. Or have some non-public info that suggests the claims buyer is way overvaluing things. General advice is to let your claim ride. FTX’s bankruptcy filings are full of entries about transfers of creditor claims by some random hedge funds.
- sjducb 3y agoI let my mtgox claim ride and regret it. I could have sold the claim in 2015, bought bitcoin and had far more cash now. The payout will probably come in the next 10 years or so. The problem with letting a cryptocurrency bankruptcy ride is that there isn’t much case law, so before you get paid loads of legal questions have to be settled which can take decades. If you have an FTX claim then sell it, take the cash and move on.
- Scoundreller 3y agoThere is plenty of case law. Mtgox creditors are just really lucky that they’ll be made more than whole because any excess is supposed to go to the equity holders per bankruptcy law. Of course there will always be situations where someone could have invested reduced immediate proceeds more favourably, but it’s easy to say that in hindsight.
- sjducb 3y agoIt’s been almost 10 years and no-one has been paid. I don’t expect that they will actually start payouts.