๐CoinShares, a European digital asset investment firm, has sold its FTX claim, expecting a recovery rate of 116% post-broker fees. That's a cool ยฃ31.32M ($39.78M) return on a ยฃ26.6M ($33.78M) claim. Talk about a stellar rebound! ๐ค
CEO Jean-Marie Mognetti is all smiles, stating this success will be leveraged to reward shareholders and drive growth in the digital asset industry. ๐ช
Despite a $21.7M loss in Q2 due to Terra (LUNA) collapse, CoinShares proved its resilience with this strategic win. Meanwhile, bitFlyer plans to acquire the Japanese arm of the collapsed FTX exchange, showing the industry's adaptability amidst market disruptions. ๐
What's your take on these developments? Drop your thoughts below! ๐ #DeFi #Web3 #CryptoNews