FTX Claim Window Prices Bitcoin, Ethereum, and Other Products Below Market Prices

FTX has opened a claims window for mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum, and Solana, with pricing significantly lower than their current market value. Many people have expressed concerns about the pricing differences on FTX on the X social platform, questioning the platform's fairness and transparency. PwC has published an official statement on its website, providing insights into the FTX situation. PwC disclosed that FTX Digital Markets Ltd. is reaching a settlement with FTX Trading Ltd. and its affiliated debtors under Chapter 11 of the US Bankruptcy Code, with the aim of merging the assets of the two entities. The official liquidator of FTX has notified creditors to submit electronic claims before May 15, 2024. The claims portal managed by PwC is expected to make its first mid-term distribution at the end of 2024 or early 2025, with all eligible claims priced in US dollars.