Some investors who have claims to FTX, Celsius Network, BlockFi and Voyager Digital are trying to sell those rights to other parties so they don’t have to wait out the lengthy bankruptcy process these companies will have to go through. This is done so that investors do not have to wait for companies to be forced to declare bankruptcy.

There are at least hundreds of investors who have been adversely affected by the recent failures of the FTX, Celsius, BlockFi and Voyager cryptocurrency platforms and do not want to wait for a lengthy bankruptcy process that does not guarantee that they will even be able to recover something, according to the information. Provided by startup Xclaim, which specializes in trading cryptocurrency claims. Xclaim is a company that specializes in trading cryptocurrency claims.

Despite the possibility that they will incur some financial losses as a direct result of this transaction, investors have decided to auction off their claims in the hope of making some kind of profit from the current situation.

More than 10,000 claims were posted, with 9,072 claims posted on Celsius Network, 93 claims posted on Voyager, 67 claims posted on FTX, and 23 claims posted on BlockFi.

Matt Sedigh, the man who founded Xclaim, recently gave an interview to the Wall Street Journal in which he stated that his company has been receiving calls from creditors located all over the world.

According to the executive, two-thirds of the claims filed came from creditors located in China, Hong Kong and Taiwan, respectively.

It has come to the attention of certain debt investors and hedge funds who may be interested in buying claims.

There have been a number of companies, including Contrarian Capital Management, Invictus Global Management and NovaWulf Digital Management, that have acquired parts of the claims.

During this period, Celsius is making preparations to file a motion that will extend the deadline for users to file their claims. This motion will allow more time for consumers to file their claims.

According to recent indictments, former FTX CEO Sam Bankman-Fried is believed to have collected a total of $684,000 in the time after he was released on bail.