Hedge Funds Buy and Sell FTX Claims on Cherokee Acquisition at High Prices!

The post Hedge Funds Buy and Sell FTX Claims on Cherokee Acquisition at High Prices! appeared first on Coinpedia Fintech News Distressed investment firm Cherokee Acquisition, which went bankrupt during the pandemic, has seen a rise in the price of its claims. Trading platform FTX has noted that claims on Cherokee are now quoted at 50 to 53 cents on the dollar. FTX, which went bankrupt as well, has been recovering billions of dollars in assets, …