Bloomberg: Since the beginning of the year, hedge funds such as Silver Point have purchased FTX debt worth over $250 million.

According to Bloomberg's analysis of court records on September 22, hedge funds including Silver Point Capital, Diameter Capital Partners and Attestor Capital have purchased FTX debt worth over $250 million since the beginning of this year. Court documents show that asset management company Hudson Bay Capital Management purchased $23 million worth of FTX debt from a cookie distributor in a recent transaction and soon after sold about half of it to Diameter. Data from bond broker Claims Market shows that in recent weeks, some lower-grade FTX debt has been quoted at 35% of face value, up from 12% at the beginning of the year.