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Delaware Judge Pegs Low Values for Crypto Tokens in FTX Bankruptcy Case

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kyle.arendsen@…

Unbelievable how FTX was able to manipulate the value of these tokens prepetition, and unfortunate for the creditors who were impacted. I'm sure the expert testimony was compelling from both sides, but it seems like the court could not get behind supporting the artificially high value of the tokens as of the petition date.

Fri, 2024-07-12 10:38 Permalink
thomas.salerno…

This is a fascinating decision! Jamie Dimon was right a couple of years back when he called investment in crypto like an investment in "pet rocks."

Sun, 2024-07-14 17:04 Permalink