Bankrupt cryptocurrency exchange FTX recently made progress in its physical entity in the Bahamas, where customers can now submit claims. However, many FTX users in Taiwan have also received multiple emails from FTX Digital Markets Ltd. (FTX Bahamas), causing confusion and even suspicion of fraud.
FTX Digital, located in the physical entity “FTX Digital” in the Bahamas, has made progress in customer claims and has opened a claims window for mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
According to Wu Blockchain’s investigation, FTX Digital has set the claim price for BTC at $16,871, ETH at $1,258, SOL at $16.24, and BNB at $286. Ironically, the market price of BTC has risen to around $62,000, ETH has climbed to $3,400, and BNB is approximately $412.8 at the time of writing. Since the bankruptcy, SOL has particularly surged, rising 700% to $130.
Although this claim price information has been circulating for a long time, confirmation from FTX Digital still aroused the pain of the community. Many former users expressed their grievances, leaving comments such as “FTX is a thief!”
FTX Digital confirms bankruptcy claim prices
FTX updates claim information, does it concern you?
Recently, most FTX users in Taiwan have received multiple debt claim letters from FTX Digital Markets Ltd. (FTX Bahamas), causing the community to suspect them as fraudulent emails and hesitate to open them, leading to uncertainty and confusion about the current restructuring process.
In fact, this email is not a scam but an official liquidation case being conducted by the Bahamian court and local liquidators of FTX. It is completely independent of the liquidation restructuring case led by John Ray in the United States (which readers have previously claimed against).
FTX Group has different physical entities worldwide, which allows different jurisdictions to sue the FTX Group. These different jurisdictions have different scopes of assets that “FTX Group” can recover, thus affecting the rights of creditors.
The liquidation case of FTX Bahamas is carried out independently by the local court and liquidators. This means that FTX Group is undergoing a global bankruptcy restructuring process, but the liquidation processes in different jurisdictions may vary. This is why users receive debt claim letters from different FTX entities.
Further reading:
Leading the world! FTX Japan resumes withdrawals at noon on the 21st, adopting pre-bankruptcy asset snapshots.
In fact, as a customer of FTX.com, if you do not agree with the listed amount or forgot to submit a claim, you can also file a claim in the Bahamian process. The Bahamian process welcomes any customer or non-customer creditors who wish to submit proof of debt.
If you have already submitted a claim in the US process but wish to transfer to the Bahamian process, you need to submit proof of debt to FTX Digital Liquidation or choose the corresponding option during the voting process of the US Chapter 11 procedure to express your willingness to join the Bahamian process.
If you have no interest in the above, readers can ignore the email, and if there are any progress updates, we will track them as soon as possible.
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