Users Affected By Crypto Platform Bankruptcies Put Up for Sale Right to Claim

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Xclaim, a specialized platform, had by December 30 9,256 claims for the sale of claims against FTX, Celsius Network, BlockFi and Voyager Digital platforms going through bankruptcy proceedings.

The clients of crypto firms that have gone through the collapse expect to compensate to a certain extent for the losses incurred and not wait for the completion of the insolvency/reorganization procedure.

Vladimir Elisavchich, founder of specialized brokerage Cherokee Acquisition, has explained:

“Bankruptcy takes longer than investors can afford. Some people now need money or want to get it.”

To date, 9,072 Celsius Network users, 93 Voyager Digital users, 67 FTX users and 23 BlockFi users have opted to use Xclaim.