FTX wants to drop investor claims over so-called “Sam Coins”

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Cointime2024/03/27 06:14

By:Cointime

Bankrupt cryptocurrency exchange FTX hopes to dismiss investor claims for so-called "Sam Coins" and generate zero value for these cryptocurrencies in the ongoing bankruptcy case. It is reported that at the court hearing on March 26, FTX's lawyers asked Delaware bankruptcy judge John Dorsey to significantly discount customer claims for a few digital tokens closely related to imprisoned FTX founder Sam Bankman-Fried. FTX lawyer Brian Glueckstein said that customer claims for Maps (MAPS), Oxygen (OXY), Serum (SERUM), and Boba (BOBA) tokens should be heavily discounted or reduced to zero. Brian Glueckstein explained that experts carefully analyzed the value of the assets on the application date to determine a reasonable discount for their value.

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