📢 According to Odaily Planet Daily, Xinhuo Technology, a Hong Kong-listed company, recently issued an announcement revealing that with the recovery of the cryptocurrency market, the company has received several competitive offers from potential transferees regarding the transfer of FTX claims. 📈It is reported that the value of Xinhuo Technology’s frozen assets on the FTX exchange is HK$141.7 million.

🔍The announcement shows that the market price of the recoverable amount of FTX deposits is based on the valuation of the exclusive agent’s written offer received by the company in early October 2023. After deducting agency fees and other professional expenses, the net recoverable amount is approximately the original amount 39.4%. 🚀However, if the FTX claim can be transferred by the relevant transferee, the recoverable amount will increase from approximately 39.4% in September 2023 to approximately 70% in January 2024.

💡This news undoubtedly brings a touch of optimism to the Bitcoin market. Let us wait and see whether the cryptocurrency market can continue to maintain its prosperous momentum! 🌟