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📌 Multicoin Capital is in talks to sell about $100 million of FTX’s bankruptcy debt: sources.

Cryptocurrency investment firm Multicoin Capital is in talks to sell about $100 million worth of bankrupt FTX bonds, according to a person familiar with the plans. Ftx

– Cryptocurrency investment firm Multicoin Capital is in talks to sell about $100 million worth of bankrupt FTX bonds, according to a person familiar with the plans.

Positive news surrounding FTX’s bankruptcy led to the bonds selling at a low of 70 cents on the dollar and rising to 80 cents.

Companies like Multicoin, which is in the FTX bankruptcy zone, have been receiving offers from buyers for more than a year now, and as the likelihood of an offer increases, these companies are hoping to sell shares sooner rather than later given the potential cost of capital.

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