FTX Submitted Customers Claims Estimation based on Nov.11, 2022 Price with $BTC Priced at $16,871

FTX Submitted Customers Claims Estimation based on Nov.11, 2022 Price with $BTC Priced at $16,871

The debtors for FTX have released estimates of the U.S. dollar value of crypto assets prices for customers holding claims with the defunct exchange.

In a Dec. 27 filing in United States Bankruptcy Court for the District of Delaware, the FTX debtors said they sought a “fair and reasonable value” for user claims based on digital assets when the exchange collapsed in November 2022. The proposal listed prices for roughly 500 assets in fiat and cryptocurrency, based on those at the time of FTX’s bankruptcy filing.

According to the proposed prices, those who hold Bitcoin claims could potentially receive $16,871 per coin, while the price for Ethereum (ETH) is listed as $1,258.

This estimation method has sparked strong rejection from FTX users. They have not had access to their funds since November 2022 and this estimation means they would miss out on the gains from certain tokens.

Users who want to voice out their objection can send a letter addressed to the Delaware bankruptcy court, and there is no lawyer needed.

Source

FTX

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