Will these huge funds obtained from FTX bonds continue to pull up the market in the cryptocurrency circle?
Hedge fund Diameter made a "huge profit" from the previous purchase of FTX bonds
After the collapse of FTX, hedge fund Diameter Capital Partners "made a lot of money" by betting in its bankruptcy proceedings.
The agency initially purchased FTX bonds with an expected return of more than 20 cents per dollar, which has now soared to more than 100 cents. The transaction was the largest contributor to the gains of Diameter's two key funds in the second quarter. (Bloomberg Law)
In March, Bloomberg disclosed data showing that six institutions in the field of distressed investment (all of which are the world's largest distressed asset investment institutions) have purchased a total of approximately US$1.265 billion in FTX debt, of which Attestor purchased a nominal claim amount of US$394 million, Farallon purchased US$259 million, Baupost purchased US$239 million, Oaktree purchased US$143 million, Diameter purchased US$128 million, and Silver Point purchased US$102 million.