FTX wants to zero out claims on ‘Sam Coins’
Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
Embattled cryptocurrency exchange FTX wants to quash investor’s claims for so-called ‘Sam Coins’ arguing that they should be valued at zero in an ongoing bankruptcy case.
In a March 26 court hearing, lawyers representing FTX asked Delaware bankruptcy judge John Dorsey to heavily discount customer claims for a handful of digital tokens closely linked to jailed FTX founder Sam Bankman-Fried,
FTX attorney Brian Glueckstein said customer claims for the native tokens of travel platform Maps (MAPS), DeFi brokerage Oxygen (OXY), decentralized exchange Serum (SERUM), and Boba (BOBA) should be heavily discounted or reduced to zero.
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