Funds Making Big Bets on FTX Debt Buy $875 Million BlockFi Claim

Hedge funds including Diameter Capital Partners, Canyon Partners and Farallon Capital Management scooped up an $874.5 million obligation FTX owed to BlockFi Inc., according to people familiar with the matter, marking the largest trade to-date in the surging market for debt tied to Sam Bankman-Fried’s fraud-tainted exchange.

Source: Bloomberg (Crypto)