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FTX Says It Expects to Repay Customers in Full. Some Are Suing for More
The skyrocketing value of cryptocurrency is the center of a disagreement over the FTX bankruptcy.
In the court hearing, Dietderich acknowledged that some customers might feel that dollarizing claims does not represent “true payment in full from where they started” but said it was the appropriate method under the bankruptcy code. The argument made by the plaintiffs is “straightforward” and couched in sensible legal theory, says Alan Rosenberg, a partner at the law firm Markowitz Ringel Trusty and Hartog and a member of the American Bankruptcy Institute. The judge in a bankruptcy case, though, has the necessary latitude to “fashion flexible solutions that benefit everyone,” says Rosenberg, which means it is “not impossible” for a compromise favorable to the plaintiffs to be reached in this instance.
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