Cryptocurrency broker Xclaim: Some Genesis bonds traded at 25% to 35% of face value

ChainCatcher news, Andrew Glantz, Chief Strategy Officer of the encrypted broker Xclaim, stated that three debt transactions have been confirmed following Genesis's bankruptcy filing, with an average value of over $1 million and transaction prices between 25% and 35% of face value.

According to a document, a $4 million debt was sold to Jefferies Leveraged Credit Products LLC. Additionally, ChainCatcher previously reported that on January 20, Genesis and its subsidiaries filed for Chapter 11 bankruptcy. (Source link)