Quote from: JayJuanGee on October 25, 2023, 03:51:13 PM

Quote from: Numenor on October 25, 2023, 03:01:31 PM

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.

Quote from: Rikafip on October 20, 2023, 05:20:43 AM

Quote from: bbc.reporter on October 20, 2023, 02:51:33 AM

@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?

Quote from: bbc.reporter on October 20, 2023, 02:51:33 AM

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.

You may well be correct Numenor... but what are your sources of information besides just suspecting that is how this valuation of reimbursements matter is going to be handled.

There are some websites talking about that.

"Opportunity Cost: The Biggest Loss No One's Talking About
According to court filings, 'Petition Date Value' is defined as the "value of any Claim set forth in U.S. Dollars as of the Petition Date," with the petition date being Nov. 11, 2022.

That means you'd be eligible for a dollar amount, not your lost cryptocurrency, based on prices from last November.

Let's consider bitcoin, the largest cryptocurrency by market capitalization, as a proxy for the broader cryptocurrency markets. On Nov. 11 of last year, the petition date, bitcoin was trading around $17,000. On Friday, it crossed $30,000."

ref: https://www.investopedia.com/why-ftx-plan-to-refund-90-percent-of-recovered-assets-doesnt-add-up-to-90-percent-of-what-customers-lost-8362556