New Huo Technology: FTX frozen funds are expected to recover about 70%

2024-02-23 14:37:35

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ChainCatcher news, Hong Kong-listed company New Fire Technology announced that due to the FTX incident being a special situation in the industry, and according to the company's observations, several FTX creditors have recently been restricted in cashing out their FTX claims through the transfer of their FTX deposits. The management believes that the group may also be able to cash out its FTX deposits in the near future through transfers.

New Fire Technology stated that the company has received several competitive offers from potential transferees regarding the transfer of FTX claims. If the FTX claims can be transferred by the relevant transferees, the recoverable amount could increase from approximately 39.4% in September 2023 to about 70% in January 2024. It is reported that New Fire Technology's frozen assets on the FTX exchange are valued at HKD 141.7 million.

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