Many online objected to the proposed pricing, based on the U.S. dollar value of cryptocurrencies when FTX filed for bankruptcy in November 2022.
The debtors for FTX have released estimates of the U.S. dollar value of cryptocurrency prices and foreign currency for customers holding claims with the defunct exchange.
In a Dec. 27 filing in United States Bankruptcy Court for the District of Delaware, the FTX debtors said they sought a “fair and reasonable value” for user claims based on digital assets when the exchange collapsed in November 2022. The proposal listed prices for roughly 500 assets in fiat and cryptocurrency, based on those at the time of FTX’s bankruptcy filing.
According to the proposed prices, Bitcoin (BTC) claimants could receive $16,871 per coin, Ether (ETH) was priced at $1,258, and Binance Coin (BNB) at $286. The table excluded an estimated FTX Token (FTT) price but included prices for leveraged tokens, tokenized stocks, spot derivatives, and crypto futures.
