The bankrupt cryptocurrency exchange FTX has recently made new progress in the Bahamas entity. Customers can begin to submit proof of claims. However, most FTX users in Taiwan have also received multiple related letters from FTX Digital Markets Ltd. (FTX Bahamas entity). Many users are confused and even think it is a scam.
(Previous summary: BTC surges big winner! Michael Saylor’s net worth increased by 700 million magnesium in three days, MicroStrategy’s stock price surged 40%)
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The bankrupt cryptocurrency exchange FTX, located in the “Bahamas entity” FTX Digital, has made new progress in customer claims. The claims window has now been opened. Users can make Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other claims for mainstream crypto assets.
according to Wu Blockchain Survey, FTX Digital set the settlement price for BTC at $16,871, ETH at $1,258, SOL at $16.24, and BNB at $286. Ironically, the current market price of BTC has risen to around $62,000, ETH has also climbed to $3,400, and BNB is about $412.8 as of press time. Since its bankruptcy, SOL’s rise has been particularly outstanding, rising 700% to $130.
Although the news of the claim price has been circulating for a long time, after it was confirmed by FTX Digital, it still aroused pain in the community. Many former users complained, leaving comments below angrily saying “FTX is a thief!”.
FTX Digital confirms bankruptcy price claims
Is FTX’s updated claim information relevant to you?
Recently, most FTX users in Taiwan have received multiple debt letters from FTX Digital Markets Ltd. (FTX Bahamas entity), making the community suspect that they are fraudulent letters and dare not open them, and even feel uncertain and confused about the current restructuring process.
In fact, this letter is not a scam;Ongoing official liquidation cases in Bahamian courts and local FTX liquidatorscompletely independent from the liquidation and reorganization case led by John Ray in the United States (which readers have previously claimed).
The letter from FTX is confusing to the community
In fact, because the FTX Group has different entities around the world, different jurisdictions have the right to litigate the FTX Group. These different legal areas have different scopes of assets that can be recovered by the “FTX Group”, thus affecting the rights and interests of creditors.
The liquidation case of the FTX Bahamas entity is an independent process carried out by the local courts and liquidators. This means that the FTX Group is undergoing an overall global bankruptcy and reorganization process, but the liquidation process in different jurisdictions may be different, which is why users will receive credit letters from different FTX entities.
Extended reading: Leading the world! FTX Japan “restarted withdrawals” at noon on the 21st, using a snapshot of assets before bankruptcy
In fact, as a customer of FTX.com you can also file a claim in the Bahamas proceedings if you disagree with the amounts listed or forget to submit your claim, and the Bahamas proceedings welcome any customer or non-customer creditor who wishes to file a proof of claim.
If a customer has submitted a claim in the U.S. procedure but wishes to switch to the Bahamas procedure, he or she needs to express his or her intention to join the Bahamas procedure by submitting a proof of claim to FTX Digital for liquidation, or by selecting the corresponding option during the voting process of the U.S. Chapter 11 procedure.
If you don’t have the above ideas, readers can skip the letter. If there are any progress updates, Dongzhu will track it for you as soon as possible.。
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2024-03-03 11:14:19
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