FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried.
Investors Push For Higher Valuation
According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US Bankruptcy Judge John Dorsey to override the company’s experts’ conclusion that the tokens are “nearly worthless.”
Notably, Sam Bankman-Fried, who created Serum and obtained control over the other two tokens, was involved in securing deals related to them, as mentioned in court documents.
When FTX filed for bankruptcy in November 2022, the company held a significant majority of the tokens, far exceeding what could be sold, even without considering the fraudulent activities that led to its collapse, as the company argued in a court filing.
The firm’s advisers have proposed that the toke
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