From my understanding all coins will be liquidated and debtors will be paid in USD for the USD equivalent of their balance at the time of the ftx bankruptcy filing.
@Rikafip. Will the debtors recieve all of the $9 billion in stablecoins? This is my only wish for 2024 and this will certainly be a pump on the market when they want to speculate on bitcoin and other cryptocoins affer the halving hehehehe.
I have no idea in which currency they plan to send these money to debtors. Does anyone know what's the practice in similar cases?
In any case, does anyone have a news update on when we will hear Sam Bankrupt-Fraud speak on the stand? I am waiting for a twist on this trial where Sam becomes something similar to a witness and blames the collapse of FTX on CZ.
It would probably be best for him not to testify at all as I don't see how he can improve his position considering everything that has happened (if anything I think he might make it even worse) It would be very interestingness to hear him though and I have no doubts that he will try to put the blame on CZ/Binance for FTX downfall.