FTX Creditors Demand Crypto Repayments Reflecting Current Market Values

Key Takeaways

FTX creditors are contesting the company’s plan to value their cryptocurrency assets based on 2022 crypto prices.
The Official Committee of Unsecured Creditors and FTX customers globally argue that the proposed valuation method unfairly benefits stablecoin holders and external investors.
FTX creditors also contested the decision to value the company’s equity shares and token, FTT, at zero.

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