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
Asia holds crypto liquidity, but US Treasurys will unlock institutional funds
[Initial Listing] Bitget Will List KernelDAO (KERNEL) in the Innovation, LSD and DeFi Zone.
Uniswap front-end transaction fees have reached $182.88 million
Trump Exempts Tech Devices from New Tariffs
Trump exempts smartphones, computers, and chips from new tariffs, easing pressure on the tech and crypto industries.Major Tech Relief as Trump Exempts Devices from TariffsCrypto Sector Also Stands to BenefitPolicy Shift Aims to Stabilize Markets

Trending news
MoreCrypto prices
More








