FTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren't Property of FTX Estate

12/31 02:52

According to CoinDesk, lawyers representing FTX.com’s non-U.S. customers have joined the bankruptcy fray, filing a motion on Wednesday asking a Delaware judge to rule that customer assets locked in the collapsed exchange are customer property – not property of the FTX estate. The ad hoc committee of international creditors represents 18 international customers of FTX with a collective $1.94 billion in assets locked on the FTX platform. The ad hoc committee’s motion, on its face, is straightforward. Unlike other failed crypto lenders including Celsius Network and Voyager Digital, which were both legally allowed to invest customer funds to generate yield, FTX’s terms of service are clear: Customer assets belong to customers, and FTX didn't have the right to touch them.
bullishbullishbullish1bearishbearishbearishRibassistaMi piaceCondividi
DisclaimerIl contenuto di cui sopra non rappresenta le posizioni di HTX.HTX non fornisce alcuna raccomandazione di trading.

Articoli correlati

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test

  • Image

    Which tokens could FTX dump on the market?

  • Image

    FTX’s FTT Token Spikes 43%, A Revival In The Works?

Tutti i commenti0RecentePopolare

avatar
RecentePopolare

Articoli correlati

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test

  • Image

    Which tokens could FTX dump on the market?

  • Image

    FTX’s FTT Token Spikes 43%, A Revival In The Works?