FTX debtors have announced a revised Chapter 11 reorganization plan that outlines how they will assess crypto claims made by customers. According to the plan, a conversion table will be used to determine the valuation of these claims, and it will be based on the petition date. This means that the value of the crypto assets at the time of the petition will be considered when assessing customer claims. The use of a conversion table provides a structured and transparent method for determining the value of these claims, ensuring fairness and consistency in the assessment process.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinFTX debtors assess value of crypto claims based on petition date market...