FTX wants to drop investor claims over so-called “Sam Coins”
Bankrupt cryptocurrency exchange FTX hopes to dismiss investor claims for so-called "Sam Coins" and generate zero value for these cryptocurrencies in the ongoing bankruptcy case. It is reported that at the court hearing on March 26, FTX's lawyers asked Delaware bankruptcy judge John Dorsey to significantly discount customer claims for a few digital tokens closely related to imprisoned FTX founder Sam Bankman-Fried. FTX lawyer Brian Glueckstein said that customer claims for Maps (MAPS), Oxygen (OXY), Serum (SERUM), and Boba (BOBA) tokens should be heavily discounted or reduced to zero. Brian Glueckstein explained that experts carefully analyzed the value of the assets on the application date to determine a reasonable discount for their value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pump.fun founder denies rumors about issuing platform token
![](https://img.bgstatic.com/multiLang/image/social/c9d1fb178dc521cf7c4a626399bc02c01739177709188.jpg)
CryptoQuant CEO Names 'Killer' Way to Use Cryptocurrency
![](https://img.bgstatic.com/multiLang/image/social/905ff5caf9344ddedeae9b0d477373a01739177709119.jpg)
Congress Pushes for NFT Protections in Crypto Bill
U.S. congressmen William Timmons (R-SC) and Ritchie Torres (D-NY) are making waves in the crypto world by pushing for stronger legal protections for NFTs.
![](https://img.bgstatic.com/multiLang/image/social/8f88d600ab44013a828d8f1aba842ab71739251333318.jpg)
Texas Bets Big: $500M in Bitcoin Annually
Everything’s bigger in Texas—including its Bitcoin ambitions.
![](https://img.bgstatic.com/multiLang/image/social/1904244097f0302fd90124db5039bef51739251332720.jpg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)