The customers and the company are scheduled to make their final arguments to Dorsey on Tuesday in federal court in Wilmington, Delaware.
A small group of FTX Trading customers are demanding hundreds of millions of dollars from the bankrupt crypto firm, claiming that three digital tokens known as “Sam Coins” deserve a payout even though they are closely associated with convicted fraudster Sam Bankman-Fried . Investors who hold tokens called Serum, MAPS and OXY are asking US Bankruptcy Judge John Dorsey to force FTX to raise the value of the crypto by overruling company experts who concluded the digital coins are nearly worthless.
Holders say that estimate is flawed and in court on Monday presented their own method for calculating the tokens value. Under their approach, the crypto coins should be worth hundreds of millions of dollars. They have filed claims demanding they be paid based on their calculations. Other former FTX customers are likely to get back 100% of what they had on the trading platform when it was put into bankruptcy, company lawyers say.
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