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Have Crypto Stuck in FTX’s Bankruptcy?

FTX wants to pay customers back but based on crypto prices at the time of its bear market bankruptcy. So, not good.

In paperwork filed on December 27, FTX proposed prices for around 500 crypto assets. This includes:

  • Bitcoin at $16,871
  • Ethereum at $1,258
  • BNB at $286

Any objections must be submitted by January 11 before a scheduled hearing on January 25. But unless you have a lot at stake, it likely isn’t worth the legal cost and hassle of doing so.

As a side note, if you had crypto on Mt. Gox when it collapsed, the court has delayed payouts until October 31, 2024.  I haven’t kept up on whether that would be in currency or crypto and at what value…

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