🎉Good news for Sinohope! The Hong Kong investment holdings company, created by HTX co-founder Leon Li, is set to recover more than 100% of its stuck deposits on the now-defunct FTX exchange. Thanks to its Hbit subsidiary and a deal with Ceratosaurus Investors LLC, Sinohope is looking at a recovery ratio of 108%!💰

This comes as a relief after the firm's losses in 2023, partly due to $11 million immobilized on FTX. Leon Li even had to extend a personal line of credit to help out affected customers.👏

Meanwhile, X-Spot Global, another Li-owned company, won an injunction against HTX over the use of the "Huobi" trademark in Hong Kong.🏛️

As crypto prices rise, FTX creditors' claims have also soared. Current recovery estimates range from 129% to 143%.🚀

What are your thoughts on this? Let's chat in the comments!👇