Thomas Braziel To Share Insights At Benzinga's Event: From Mt.Gox To FTX, Capitalizing On Crypto's Tumultuous Terrain
Portfolio Pulse from Stjepan Kalinic
Thomas Braziel, CEO of 117 Partners and CIO at 507 Capital, will share his insights at Benzinga's Future of Digital Assets event. Braziel has a history of dealing with distressed crypto assets, including purchasing claims from Mt.Gox customers. Recently, the market for FTX distressed credit has been active, with a $20 million claim selling for 52 to 53 cents on the dollar. Braziel sees a positive development due to the recent settlement and plan support announced by the ad hoc committee of non-U.S. FTX customers, which could see over 90% of assets returned by the end of Q2 2024.

October 31, 2023 | 9:13 pm
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Thomas Braziel's insights into distressed crypto assets, including Bitcoin, could influence investor sentiment. The potential return of 90% of assets from FTX could impact the Bitcoin market.
Braziel's insights into distressed crypto assets, including Bitcoin, could influence investor sentiment and potentially impact the Bitcoin market. The announcement of a potential return of 90% of assets from FTX could also have an effect, although the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75