The post CoinShares Achieves 116% Recovery on FTX Claim appeared first on Coinpedia Fintech News
CoinShares International has successfully sold its FTX claim, achieving a net recovery rate of 116% after broker fees. This sale yielded £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim. The proceeds will be reinvested into growth opportunities to improve client services. CEO Jean-Marie Mognetti praised the team’s diligence and expertise, which resulted in this favorable outcome. Despite incurring losses from Terra (LUNA) previously, CoinShares now demonstrates a commendable recovery. The company aims to increase shareholder returns and promote further industry innovation.