Criticism Mounts Against FTX Payment Scheme, Customers Decry 2022 Asset Valuation as Unjust, Call for Equitable Resolution in Court

By Benito Cormi Jan 22, 202485Views

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FTX Customers Voice Dissatisfaction with Repayment Plan Based on Crypto Asset Valuation

A number of FTX customers have expressed their unhappiness with the company’s reorganization plan, which suggests compensating them in fiat currency according to the value of their crypto assets as of November 11, 2022 – the date when the insolvent crypto exchange declared Chapter 11 bankruptcy. Many customers have lodged objections with the bankruptcy court, stating that they disagree with this proposal. They argue that valuing their crypto assets at a time when the markets were at their lowest is unfair.

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#Bankruptcy asset bitcoincom crypto crypto exchange cryptocurrency Currency exchange FTX scheme

Benito Cormi

Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.