A creditor of FTX tokenized a debt of approximately $31,000 and pledged it as collateral for a loan of $7,500.

BlockBeats reported on June 25th that Found, a on-chain bankruptcy claim liquidity platform, recently announced that a certain FTX creditor (wagmiclaims.eth) tokenized a debt claim of $31,307.81 and used it as collateral to borrow $7,500 through the DeFi lending protocol Arcade.xyz. The recovery rate for the FTX creditor in this operation was approximately 24%.