Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
FTX wants to drop investor claims over so-called “Sam Coins”

FTX wants to drop investor claims over so-called “Sam Coins”

CointimeCointime2024/03/27 06:14
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin is inches away from cracking all-time high against gold

If gold remains steady today, a single move from bitcoin to $98,500 would do it

Blockworks2024/11/21 20:44