FTX debtors will assess the value of crypto claims based on market prices on the petition date

In A amended Chapter 11 plan of reorganization, FTX debtors State that crypto complaints by clients will be evaluated using A conversion painting, with assessment base on THE petition date.

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THE debtors of THE now gone cryptocurrency exchange FTX to have deposit A amended Chapter 11 plan of reorganization which noted THE value of customer active complaints will be retroactively together has THE time When THE exchange collapsed In November 2022.

In A recent court deposit In THE United States Bankruptcy Court For THE District of Delaware THE debtors describe that any of them customer right claim, regardless of type of nature, against THE exchange aiming has compensate for THE holder will be base on THE value on November 11, 2022.

He was declared that THE value of A claim will be determined by THE crypto assets value In species on THE day FTX deposit For bankruptcy – November 11 – using conversion rates specified In A conversion painting.

Court Deposit In THE United States Bankruptcy Court. Source: Kroll.

However, THE price of Bitcoin (BTC) has THE time of bankruptcy deposit was $17,036. In the meantime, has THE time of publication, THE price stands has $42,272.

In the meantime, last month, on November 30, FTX was approved has sell approximately $873 million of trust assets, with THE product destined has repay creditors of THE collapsed exchange.

Related: Sam Bankman-Fried's lawyer said FTX fraud trial was "almost impossible" has earn: Report

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