CoinShares International Limited, a European investment company specialising in digital assets, today announced the successful sale of its FTX claim.

The agreement, subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees, resulting in a return of £31.32 million on a £26.6 million claim.

The increased financial flexibility resulting from this transaction will allow CoinShares to reinvest in growth opportunities.

Jean-Marie Mognetti, CEO of CoinShares, commented:

“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 November 2022, FTX Trading Ltd. (d.b.a. FTX.com), announced that it, West Realm Shires Services Inc. (d.b.a. FTX US), Alameda Research Ltd. and approximately 130 additional affiliated companies (together, the “FTX Group”), commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.