1 SOL Can Earn Up to $16! FTX Claim Valuation Set, Objections to be Raised by January 11th.

1 SOL Can Earn Up to $16! FTX Claim Valuation Set, Objections to be Raised by January 11th.

1 SOL Can Earn Up to $16! FTX Claim Valuation Set, Objections to be Raised by January 11th.

As is well known, under the current restructuring plan of FTX, users’ remaining assets within FTX will be compensated in the form of US dollars. According to a recent motion for estimation of claims filed by FTX debtors, the claimable value of users’ cryptocurrency assets will be calculated based on the market price on November 11, 2022. The mainstream cryptocurrency price on that day was as follows:


In other words, if on November 11, 2022, a creditor held one Bitcoin on the FTX platform, they would only be eligible to claim a maximum of $16,871.63, even if FTX has remaining funds due to the increase in the price of cryptocurrency assets. These funds will only flow to non-customer creditors, including shareholders.
If a creditor has objections to this motion for estimation of value, they must submit them to the US Bankruptcy Court by 4:00 PM Eastern Time on January 11, 2024.