CryptoIntelligence 2024-06-25 04:03:00

CoinShares Secures 116% Return on FTX Claim, Plans Reinvestment for Growth

CoinShares Secures 116% Return on FTX Claim, Plans Reinvestment for Growth

CoinShares International, a European investment company specializing in digital assets, has successfully sold its FTX claim. The sale, pending customary closing conditions, is expected to yield a recovery rate of 116% after broker fees, according to an official press release. This results in a return of 31.32 million British pounds ($39.78 million) on a claim of 26.6 million pounds ($33.78 million). This successful sale allows CoinShares to offer increased returns to its shareholders and provide enhanced services to its clients. Jean-Marie Mognetti, CEO of CoinShares, highlighted the significance of this development, stating, “The resolution of the FTX situation has been

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