FTX Whale: Some "Debt Agents" or intermediaries are suppressing debt prices by selling anxiety, with estimated arbitrage opportunities of 20% to 30%.

On July 7th, FTX's major creditor Will (@zhetengji) stated in an interview with BlockBeats: "If a third-party institution acquires your debt, when determining eligibility for compensation, the original country of ownership will no longer be taken into account. Some creditors propose selling their debt to addresses with regulatory compliance qualifications. Certain so-called 'debt agents' or intermediaries, particularly a significant number of them being Chinese, continuously spread anxiety to the community during this process. They create panic through various means, thereby depressing the debt price. In such an environment, many originally very anxious friends are compelled to choose to sell their debt at a low price." "The conservative estimation of the arbitrage space might be between 20% and 30%. In FTX's bankruptcy settlement, the debt is calculated based on an annual accumulation of 9% interest. Therefore, the final amount to be recovered depends on the time dimension and the scale of asset recovery." The full interview has been released on the BlockBeats website in the article "When FTX Chinese Creditors Are Discriminated Against, How to Reclaim 380 Million?".