陷入困境的 FTX 以大幅折扣抛售 Solana 控股公司三分之二的股份

FTX 以每个代币 64 美元的大幅折扣价格出售了其价值 26 亿美元的 Solana 代币中的约三分之二，为破产交易所的财产带来了高达 19 亿美元的收益。买家包括 Galaxy Trading 和 Pantera Capital，据报道 Galaxy Trading 筹集了 6.2 亿美元资金用于购买代币并向投资者收取 1% 的管理费。此次出售引起了 FTX 客户的担忧，他们认为折扣出售剥夺了他们可能有助于偿还损失的潜在收益。

The beleaguered crypto exchange FTX, which filed for bankruptcy in November 2022, has offloaded roughly two-thirds of its Solana (SOL) holdings in a deeply discounted transaction. Sources privy to the matter informed Bloomberg that FTX's bankruptcy administrators orchestrated the sale, unloading SOL tokens at a price of $64 apiece. The sale netted approximately $1.9 billion for the estate, a substantial sum given the token's trading price of around $177 at the time of publication. However, it bears mentioning that SOL has experienced a decline of 6% over the past day.

陷入困境的加密货币交易所 FTX 于 2022 年 11 月申请破产，并以大幅折扣的方式出售了大约三分之二的 Solana (SOL) 股份。知情人士告诉彭博社，FTX 的破产管理人精心策划了此次出售，以每枚 64 美元的价格出售 SOL 代币。此次出售为该遗产净赚了约 19 亿美元，考虑到该代币在发布时的交易价格约为 177 美元，这是一个相当大的数字。然而，值得一提的是，SOL 在过去一天下跌了 6%。

"While this may be a lucrative deal for those acquiring SOL, I believe that creditors have been shortchanged," opined Louis d'Origny, an FTX customer and the founder of FTX Creditor, a platform for purchasing claims. "We should have been afforded the opportunity to gradually realize the proceeds rather than receiving them in a lump sum. The debtors evidently do not attribute significant value to crypto assets."

FTX 客户、债权购买平台 FTX Creditor 的创始人 Louis d'Origny 表示：“虽然这对于收购 SOL 的人来说可能是一笔利润丰厚的交易，但我认为债权人受到了欺骗。” “我们应该有机会逐步实现收益，而不是一次性收到收益。债务人显然没有赋予加密资产重大价值。”

Among the entities that participated in the transaction were Galaxy Trading, an affiliate of Mike Novogratz's Galaxy Digital, and Pantera Capital. Galaxy Trading reportedly amassed close to $620 million for a fund specifically established to acquire SOL from the FTX estate. The fund will charge investors a 1% management fee while providing them with staking yield.

参与此次交易的实体包括迈克·诺沃格拉茨 (Mike Novogratz) 旗下 Galaxy Digital 的附属公司 Galaxy Trading 和 Pantera Capital。据报道，Galaxy Trading 为一只专门为从 FTX 资产收购 SOL 而设立的基金筹集了近 6.2 亿美元。该基金将向投资者收取1%的管理费，同时为他们提供质押收益。

Last August, FTX retained the services of Galaxy Asset Management, another Galaxy Digital entity, to spearhead the sale of the estate's vast cryptocurrency holdings. Additionally, Bloomberg reported last month that asset manager Pantera had raised funds to purchase up to $250 million worth of SOL from the estate. Vancouver-based software firm Neptune Digital Assets announced its acquisition of SOL worth $1.7 million last week.

去年 8 月，FTX 保留了 Galaxy Digital 另一家实体 Galaxy Asset Management 的服务，以带头出售该资产的大量加密货币资产。此外，彭博社上个月报道称，资产管理公司 Pantera 已筹集资金从该地产购买价值高达 2.5 亿美元的 SOL。总部位于温哥华的软件公司 Neptune Digital Assets 上周宣布以 170 万美元的价格收购 SOL。

In January, Judge John Dorsey, who is presiding over the case, ruled that each claim should be valued based on the amount owed to the creditor on the day FTX filed for bankruptcy. However, it is noteworthy that on November 11, 2022, SOL was trading at $16, which is approximately 9% of its current market price.

一月份，主审此案的法官 John Dorsey 裁定，每项索赔均应根据 FTX 申请破产之日欠债权人的金额进行估值。然而值得注意的是，2022 年 11 月 11 日，SOL 的交易价格为 16 美元，约为当前市场价格的 9%。

Solana did not respond to a request for comment.

索拉纳没有回应置评请求。

In the wake of the sale, FTX creditors have expressed their dissatisfaction. "Once you're finished expressing your gratitude to the lawyers for draining the estate one hour at a time, please extend your thanks to Galaxy for selling the locked SOL at a nearly 75% discount to themselves," remarked Mitchell (@WR_Crypto) on Twitter.

出售后，FTX债权人表达了不满。 “当你对律师一次一小时耗尽财产表示感谢后，请向 Galaxy 表示感谢，感谢 Galaxy 以近 75% 的折扣将锁定的 SOL 出售给自己，”Mitchell (@WR_Crypto) 在推特。

During the sentencing of FTX co-founder and former CEO Sam Bankman-Fried, Sunil Kavuri, a victim of the collapse, vehemently objected to the sale of tokens at a discount before Judge Lewis Kaplan. Kavuri argued that the assets rightfully belong to the exchange's former customers, who should be the ones realizing the gains. "Sam continues to perpetuate the lie that we will be fully compensated," he told the court, rejecting the notion that FTX customers are "unsecured creditors."

在 FTX 联合创始人兼前首席执行官 Sam Bankman-Fried 宣判期间，倒闭事件的受害者 Sunil Kavuri 在法官 Lewis Kaplan 面前强烈反对以折扣价出售代币。卡武里辩称，这些资产理应属于该交易所的前客户，他们应该是实现收益的人。他在法庭上表示：“Sam 继续撒谎说我们将获得全额赔偿”，并否认 FTX 客户是“无担保债权人”的说法。

"I believe Galaxy's private wealth management arm is reaping substantial benefits," stated Thomas Braziel of 117 Partners and a broker of bankruptcy claims, in an interview with Fortune. Braziel alluded to the fact that Galaxy has secured both a role in the estate's disinvestment and the opportunity to acquire assets. "They have allocated themselves a rather sizable portion."

“我相信银河的私人财富管理部门正在获得巨大的利益，”破产索赔经纪人、117 Partners 的托马斯·布拉齐尔 (Thomas Braziel) 在接受《财富》杂志采访时表示。巴西尔提到，银河已经在该地产的撤资和收购资产的机会中发挥了作用。 “他们给自己分配了相当大的一部分。”

"I do not believe shareholders have a legitimate grievance regarding the discount—that is simply the prevailing market sentiment," Braziel added, suggesting that discounts may be reduced for future blocks of tokens. "We typically begin with a substantial discount and gradually reduce it over time based on market feedback. It is analogous to the approach employed by bankers when liquidating assets."

Braziel 补充道：“我不认为股东对折扣有合理的不满，这只是普遍的市场情绪。”他暗示未来代币区块的折扣可能会减少。 “我们通常会从大幅折扣开始，然后根据市场反馈逐渐减少折扣。这类似于银行家清算资产时采用的方法。”

This article was originally published on Fortune.com.

本文最初发表于 Fortune.com。