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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ftx-exchange-initiates-controversial-claims-process-for-creditor-repayment" rel="noopener noreferrer nofollow">FTX Exchange Initiates Controversial Claims Process for Creditor Repayment</a><br></p>
<p style="text-align: justify">Recent developments in the cryptocurrency sector reveal that the FTX exchange has launched a claims procedure aimed at repaying creditors, sparking a wave of astonishment across the market. Despite the arrest of former CEO Sam Bankman-Fried, the exchange has moved forward with this significant initiative. Investors have shown particular concern regarding the low valuations of cryptocurrencies set by FTX within this claims process.</p>
<h2 id="cryptocurrency-valuations-cause-investor-outrage">Cryptocurrency Valuations Cause Investor Outrage</h2>
<p style="text-align: justify">FTX’s exchange has provoked ire among investors by assigning drastically reduced valuations to major cryptocurrencies. <a href="https://en.bitcoinhaber.net/bitcoin-price-surges-over-44000-as-open-interest-grows-despite-potential-cme-gap-at-39700" rel="noopener noreferrer nofollow">Bitcoin</a>, currently trading over $60,000, was valued at $16,871, and Ethereum (ETH), priced at around $3,500, was listed at a mere $1,258. Furthermore, Binance Coin (<a href="https://en.bitcoinhaber.net/assessing-the-future-of-bnb-coin-amidst-market-volatility-and-falling-bitcoin-prices" rel="noopener noreferrer nofollow">BNB</a>) and <a href="https://en.bitcoinhaber.net/solanas-remarkable-surge-overtaking-binance-coin-and-attracting-big-investors" rel="noopener noreferrer nofollow">Solana</a> (SOL) were also priced well below their present market values, with SOL’s listed price at $16, despite its recovery to approximately $130.</p>
<p style="text-align: justify">The pricing strategy previously faced heavy criticism, leading to a period of silence before the current uproar. The recent price listings have reignited debates and speculation about the repercussions of FTX’s claims strategy.</p>
<h2 id="bitcoin-s-market-performance-amidst-the-controversy">Bitcoin’s Market Performance Amidst the Controversy</h2>
<p style="text-align: justify">While Bitcoin’s price maintains its strength above $62,000, having touched $64,000, its trading volume has seen a 31% decrease to $31 billion. This suggests a shifting investor focus from Bitcoin to alternative cryptocurrencies, including meme coins like PEPE, FLOKI, SHIB, and DOGE, which have experienced substantial price surges.</p>
<p style="text-align: justify">Although Bitcoin’s market capitalization holds steady over $1.2 trillion, the asset’s trading volume drop indicates a potential redistribution of investments towards altcoins, particularly those with viral appeal.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ftx-exchange-initiates-controversial-claims-process-for-creditor-repayment" rel="noopener noreferrer nofollow">FTX Exchange Initiates Controversial Claims Process for Creditor Repayment</a></h5>

FTX Exchange Initiates Controversial Claims Process for Creditor Repayment

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