FTX Advocates for Zero Value on Sam Bankman-Fried Linked Tokens in Court
Key Takeaways FTX is pushing for a zero valuation on cryptocurrencies linked to Sam Bankman-Fried in bankruptcy court. The firm's valuation expert argues that due to FTX's dominant ownership, liquidating the assets would be nearly impossible, supporting the push for zero valuation. Despite FTX's stance, holders of the affected tokens dispute the proposed devaluation.
Key Takeaways
- FTX is pushing for a zero valuation on cryptocurrencies linked to Sam Bankman-Fried in bankruptcy court.
- The firm's valuation expert argues that due to FTX's dominant ownership, liquidating the assets would be nearly impossible, supporting the push for zero valuation.
- Despite FTX's stance, holders of the affected tokens dispute the proposed devaluation.
