FTX has initiated a claim window, allowing users to file claims for major crypto assets such as Bitcoin, Ether, Solana, and BNB. However, the pricing set by FTX for these assets is significantly lower than their current market values, sparking concerns among affected cryptocurrency users.
The pricing set by FTX stands at $16,871 for BTC, $1,258 for ETH, $16.24 for SOL, and $286 for BNB, whereas current market prices are substantially higher. This pricing difference has raised questions about FTX’s fairness and transparency, with users expressing their concerns and seeking accountability from the platform.
PricewaterhouseCoopers (PwC) issued an official statement providing insights into the situation surrounding FTX. FTX Digital Markets is undergoing a Chapter 11 settlement with FTX Trading and its affiliated debtors, aiming to combine assets from both entities’ estates. Creditors are urged to submit electronic claims by May 15, 2024, through the PwC-managed claims portal.
FTX issued a cautionary statement regarding its authorized investment manager, highlighting attempts by unauthorized third parties to bid on behalf of specific FTX Debtors. To address this, FTX clarified that Galaxy Asset Management, the court-appointed investment manager, exclusively handles the sale of digital assets mandated by the bankruptcy court order.
In a significant development, FTX obtained approval from the United States Bankruptcy Court for the District of Delaware to sell its stake of over $1 billion in the artificial intelligence firm Anthropic during a hearing on February 22.
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