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Bankrupt crypto exchange FTX is seeking court approval to settle its customers' digital asset claims in US dollars, according to a court filing.
<h2 id="ftx-faces-backlash-after-suggesting-paying-customers-bitcoins-at-16k">FTX Faces Backlash After Suggesting Paying Customers' Bitcoins at $16K</h2>
FTX argues that these prices reflect fair and reasonable prices of these cryptocurrencies.
The exchange explained that the action was necessary to prevent any obstruction in bankruptcy proceedings and added:
“Liquidation of each and every Claim relating to a Digital Asset is impractical and unnecessary and would unnecessarily delay Chapter 11 Cases.”
<blockquote>
 Therefore, the defunct crypto platform offered to value Bitcoin at $16,871, Ethereum at $1,258, and Solana's SOL at $16.
</blockquote>
The firm also pegged Avalanche's AVAX at $14.19, while stablecoins USDT, TUSD, and BUSD are a few cents less than their usual $1 peg.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> ÖNEMLİ BİLGİ
 FTX davası ile alakalı ödeme planı dün mahkemeye sunuldu.
 Ödeme planına göre kriptoparaların o dönemki fiyatı baz alınarak nakit yapılacak. Market değeri en yüksek olanları sırasıyla görebilirsiniz.
 Umarım mahkeme onaylamaz çünkü <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Bitcoin – $16,871 ETH -…
 — Burak Tamaç, Ph.D. (@burak_tamac) <a href="https://twitter.com/burak_tamac/status/1740391324258373724?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 28, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announces-that-it-will-list-many-altcoins-in-usdc-parity/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Exchange Binance Announces That It Will List Many Altcoins in USDC Parity</a>
The value of many of these digital assets, excluding stablecoins, has skyrocketed amid last year's significant market rally.
For context, BTC is currently trading above $40,000, while ETH's value has also surpassed $2,200. SOL is also trading above $100.
However, FTX argued that its valuations represented a fair and reasonable value of these digital assets as of November 11, 2022, the date of the petition.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/offer-to-customers-from-bankrupt-bitcoin-exchange-ftx-lets-pay-back-your-bitcoins-at-this-price/" rel="noopener noreferrer nofollow">Offer to Customers from Bankrupt Bitcoin Exchange FTX: Let's Pay Back Your Bitcoins at This Price!</a>

Offer to Customers from Bankrupt Bitcoin Exchange FTX: Let's Pay Back Your Bitcoins at This Price!

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