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
Bitget Daily Digest (March 3) | Trump promotes $XRP, $SOL, $ADA on social media, Whale trades spark market attention
The crypto market rallied as investors digested news of U.S. President Donald Trump’s plan to establish a crypto reserve. An analyst from Presto Research said market expectations “may remain high” until Friday, given that White House Crypto Czar David Sacks teased “more to come” at the Crypto Summit set to take place on Friday.
Trump Expands U.S. Crypto Reserve to Include XRP, SOL, and ADA
XRP’s Uncertain Trajectory Against Bitcoin: Potential for Rally or Risk of Decline?
Trusta Labs Upgrades to Trusta.AI, Launches AI Proxy Identity Framework, and More
Trending news
MoreCrypto prices
More
