The FTX crash was a shocker to the crypto world back in November 2022. The embattled cryptocurrency exchange is currently in the middle of more than a dozen lawsuits, according to The Wall Street Journal. With piling lawsuits, a few former customers of FTX are demanding a change in repayment methods for their assets.
Former FTX Clients Lament Losing Out on Crypto Increase
Former customers of the collapsed platform FTX are pushing judges to change the way they would be repaid. According to Bloomberg, former clients of the collapsed crypto exchange are saying that new rules unfairly exclude former customers from a year-long increase in the price of virtual assets.
However, these claims might face a setback in the legal battle to retrieve their money.
Prices of digital assets have risen tremendously since the FTX crash. However, under FTX’s bankruptcy plan, a person will only get the US dollar value back as of the petition date. The definition of “Petition Date Value” given in co
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