CoinShares secures 116% return from FTX claim sale

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CoinShares achieved a 116% recovery rate on its FTX claim, translating to £31.32 million ($39.78 million) — the firm plans to reinvest the funds to enhance shareholder returns and client services.

CoinShares International, a European investment company specializing in digital assets, has announced the successful sale of its FTX claim.

The successful sale of its FTX claim will give CoinShares opportunities to offer increased returns to its shareholders and provide “enhanced services” to its clients.“The resolution of the FTX situation has been highly favourable for CoinShares. This exceptional recovery rate is a testament to the diligence and expertise of our team.”

“We remain dedicated to leveraging this success to reward our shareholders and to drive further growth and innovation within the digital asset industry.”In August 2022, CoinShares posted its interim Q2 results,attributed to its exposure to Terra , which collapsed in May of the same year.

 

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