The US Department of Justice (DOJ) has initiated a review of how victims of digital asset fraud are compensated, following concerns over outdated valuation methods.
According to a recent internal DOJ memo, many investors affected by crypto platform collapses, such as FTX, Celsius, Voyager, Genesis, BlockFi, and Gemini Trust, have only received reimbursement based on the value of their holdings at the time they filed claims, not at current market rates.
While not all these bankruptcies stemmed from criminal charges, the DOJ emphasized that many assets were lost due to theft or fraud. As a result, investors missed out on significant potential gains they could have realized if they had retained their crypto.
For context, when FTX filed for bankruptcy in November 2022, Bitcoin traded at under $20,000. By January 2025, the top digital asset’s value had surged to over $108,000, representing an over 500% increase.
Yet, creditors are receiving payouts in fiat currency based on the 2022 valua
We współpracy z: https://cryptoslate.com/us-doj-reviews-crypto-compensation-rules-amid-valuation-concerns/
