
Zhu Su|Aug 16, 2025 04:29
One of the more bizarre details of ftx estate is that FTT was deemed worthless but megaSerum (the 7yr locked deals that many ftx ogs got for near free) was assigned a value
A common trade in nov 2022 was to buy ftt going into ftx fud under the logic that 1) either it is solvent and you make money or 2) it goes down and ftt is worthless. There actually ended up being huge gradations in between, the best would’ve been to sell everything to usd and rebuy sol in other accounts
This is a bit similar to gox in that you would’ve wanted to hold JPY instead of BTC claims, and just rebuy the BTC if you could. Domestic JPY claims ended up getting paid out at much higher priority(Zhu Su)
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