FTX索赔才刚刚开始，但资产清算影响已接近尾声

Odaily星球日报2024-03-05 tarihinde yayınlandı2024-03-05 tarihinde güncellendi

Özet

用牛市涨幅赔偿债权人，反而利于牛市持续？

原创 | Odaily星球日报

作者 | 夫如何

FTX索赔才刚刚开始，但资产清算影响已接近尾声

3 月 3 日，FTX Digital 的联合正式清算人 （JOL） 已通知客户和非客户债权人通过 FTX Digital 索赔门户在清算中提交债权或索赔证明，符合条件的客户和非客户债权人需及时在 FTX Digital 索赔门户网站提交索赔，截止日期为 2024 年 5 月 15 日。

此消息一出，是否标志着从 2022 年 11 月 11 日 FTX 及其附属公司启动破产清算程序开始，到如今让债权人提交索赔证明，历时近 1 年半的 FTX 破产事件即将迎来大结局呢？

Odaily星球日报将通过本文为大家全面分析 FTX 破产事件仍面临的困境，以及会对市场产生什么影响。

FTX 清算索赔仅仅只是开始

其实，提交索赔证明只能代表 FTX 清算索赔正式开始，但远没有到完结的时间，其中最重要的问题，如何赔付给客户债权人的方式尚未确定。

不过早在 2023 年 12 月 27 日的法庭文件来看，FTX 寻求法院批准以美元估算其客户的数字资产索赔，同时，FTX 还建议将赔偿价格定在 2022 年 11 月 11 日，根据当天价格来看，比特币为 16871 USDT、以太坊为 1258 USDT 以及 SOL 为 16 USDT 等。

这种定价方式从一定角度来看，债权人在 FTX 的加密货币将以熊市中较为底部的价格被动出售，后续的涨幅都与债权人无关。不过此法律文件具备申诉期，截止到 2024 年 1 月 11 日，截止日到期后，约有 80 名债权人提交信函反对这一申请。

其中知名度较高的客户债权人 Sunil Kavuri 在推特发文抵制，并号召债权人反对此提议。

FTX索赔才刚刚开始，但资产清算影响已接近尾声

FTX 2.0 债权人联盟也呼吁写信给法官，反对此提议。

FTX索赔才刚刚开始，但资产清算影响已接近尾声

从清偿能力的角度来讲，赔偿客户债权人采用美元定价具备合理性，因为以目前的币价来讲，采用加密货币进行赔付并不现实，FTX 的持有代币资产并不足以偿还。但将赔偿价格定在 2022 年 11 月 11 日，将比特币以 16871 美元/枚的定价来偿还给债权人，想必债权人不愿接受，更不用说持有 SOL 的债权人，截止今日，SOL 价格突破 130 USDT，以 16 美元/枚的价格赔付，难平债权人的失落。

门头沟经历过的如何计算赔付额难题，也是挡在 FTX 破产事件前的一座大山。不过在 3 月 15 日，FTX Digital 将举办首次债权人会议，或将探讨此事件，Odaily星球日报会持续报道。

FTX 清算索赔对市场反而具备促进作用？

从 2023 年 9 月 14 日，法院批准了 FTX 资产清算方案开始，加密市场充斥着 FTX 资产即将抛售的言论，但时至今日，BTC 突破 65000 USDT，SOL 重回 130 USDT 以上，仿佛 FTX 资产清算带来的砸盘预期不存在一样，市场上并没有因为其产生反作用，反而从某种程度促进了加密市场的价格反弹。

FTX 资产中，BTC、ETH 和 SOL 共计占据 72% 的资产价值，根据法院文件来看，出售此类资产需提前申请，并不能直接抛向市场，抽干市场流动性，并且 FTX 会比市场上的任何人都不希望加密资产的暴跌。所以大概率情况下，FTX 会通过场外 OTC 的方式出售其资产。至于一些规模较小的资产，根据 FTX 资产走向来看，大多转至做市商手中，帮助其以合理方式售出。

并且 3AC 联创 Su Zhu 于 X 平台发文表示，“FTX/Alameda 出售 SOL 的这类事件虽然看起来是个利空，但实际上却是一件‘非常看涨的事情’，因为它分散了代币的供应状况，还为等待入场的投资者提供了以折扣价进场的机会。”

FTX索赔才刚刚开始，但资产清算影响已接近尾声

从数据上看，截止 2 月 20 日，据 Lookonchain 统计，FTX/Alameda 地址目前持有的加密资产总计 11.9 亿美元，其中包括 2.6684 亿枚 FTT（约合 4.8298 亿美元）、 2500 万枚 WLD（约合 1.68 亿美元）、 1.0547 亿枚 BIT（约合 8333 万美元）、 1500 枚 BTC（约合 7764 万美元）、 1.402 亿枚 STG（约合 7136 万美元）。

再回顾 FTX 刚开始清算资产的时候，详情请阅读《FTX 代币资产清算进行时，会对行情造成多大冲击？》，整体持仓资产价值从截止 8 月 31 日的 34 亿美元下降至 11.9 亿美元，这其中并没有将这段时间部分资产上涨算进去，整体来看，FTX 资产清算以接近尾声。

就像刚刚 Su Zhu 提到的，FTX 清算反而分散的代币的供应状况，交易筹码重新分布，更有利于项目的发展。再根据 FTX/Alameda 整体持仓的下降来看，FTX 破产事件对后面市场的影响微乎其微。

结论

FTX 破产事件来到债权人索赔的第一阶段，但仍有赔付标准问题尚未解决，用户也需要积极相应配合 FTX 清算人的举动，尽快提交相应的索赔证明。具体索赔步骤，详情请阅读《官方指南： 5 个步骤教你如何进行 FTX 清算索赔》。

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