FTX hopes to withdraw investors' claims against the so-called "Sam Coins"
2024-03-27 05:51:04
The bankrupt cryptocurrency exchange FTX hopes to withdraw investor claims against the so-called "Sam Coins" and generate zero value for these cryptocurrencies in ongoing bankruptcy cases. It is reported that at a court hearing on March 26th, lawyers representing FTX requested Delaware bankruptcy judge John Dorsey to significantly discount customer claims for a few digital tokens closely related to FTX founder Sam Bankman Fried, who was imprisoned. FTX lawyer Brian Glueckstein stated that customer claims for Maps (MAPS), Oxygen (OXY), Serum (SERUM), and Boba (BOBA) tokens should be significantly discounted or reduced to zero. Brian Glueckstein explained that experts have carefully analyzed the application date value of assets to determine a reasonable discount on their value.
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