FTX 努力駁回破產案中的「Sam Coins」索賠

陷入困境的加密貨幣交易所 FTX 試圖駁回投資者對所謂「山姆幣」的索賠，認為在正在進行的破產程序中它們的價值應該為零。在 3 月 26 日的聽證會上，FTX 的律師要求特拉華州破產法官 John Dorsey 大幅折扣客戶對與入獄的 FTX 創始人 Sam Bankman-Fried 密切相關的幾種數位代幣的索賠。

Embattled FTX Seeks to Dismiss 'Sam Coins' Claims

陷入困境的 FTX 尋求駁回“山姆幣”指控

Background

背景

Troubled cryptocurrency exchange FTX is seeking to dismiss customer claims on so-called "Sam Coins," arguing that they should be valued at $0 in its ongoing bankruptcy case.

陷入困境的加密貨幣交易所 FTX 正在尋求駁回客戶對所謂「Sam Coins」的索賠，並表示在其正在進行的破產案件中，這些貨幣的估值應為 0 美元。

At a March 26 hearing, lawyers for FTX urged Delaware bankruptcy judge John Dorsey to heavily discount customer claims on a series of digital tokens closely associated with jailed FTX founder Sam Bankman-Fried.

在 3 月 26 日的聽證會上，FTX 的律師敦促特拉華州破產法官 John Dorsey 大幅折扣客戶對與入獄的 FTX 創始人 Sam Bankman-Fried 密切相關的一系列數位代幣的索賠。

FTX attorney Brian Glueckstein said customer claims on the native tokens of the travel platform Maps (MAPS), decentralized finance (DeFi) brokerage Oxygen (OXY), decentralized exchange Serum (SERUM), and Boba (BOBA) should be discounted heavily or to $0.

FTX 律師Brian Glueckstein 表示，客戶對旅遊平台Maps (MAPS)、去中心化金融(DeFi) 經紀公司Oxygen (OXY)、去中心化交易所Serum (SERUM) 和Boba (BOBA) 的原生代幣的索賠應該大幅折扣或降至0 美元。

Glueckstein explained that experts applied a conservative analysis to the assets' claims-based price to determine a reasonable markdown on their value.

格魯克斯坦解釋說，專家們對資產的索賠價格進行了保守分析，以確定其價值的合理降價。

"Customers are ascribing values to these digital asset claims that assume a market that never existed and will never exist," he said.

他說：“客戶正在為這些數位資產主張賦予價值，這些主張假設市場從未存在過，也永遠不會存在。”

FTX's valuation expert, Sabrina Howell, concluded that as the company holds over 95% of OXY and MAPS tokens – which were closely tied to SBF – it would take decades to liquidate them.

FTX 的估值專家 Sabrina Howell 得出的結論是，由於該公司持有超過 95% 的 OXY 和 MAPS 代幣（這些代幣與 SBF 密切相關），因此需要數十年的時間才能清算它們。

Valuation Dispute

估值糾紛

Based on their analysis, FTX asserted that claims tied to MAPS and OXY tokens – worth over $600 million at current rates – should be deemed worthless. Meanwhile, claims related to SERUM tokens, worth $509 million, should be discounted by 58%.

根據他們的分析，FTX 斷言，與 MAPS 和 OXY 代幣相關的索賠（按當前匯率計算價值超過 6 億美元）應被視為毫無價值。同時，與價值 5.09 億美元的 SERUM 代幣相關的索賠應折扣 58%。

However, FTX customers holding these "Sam Coins" have objected to the valuations and requested a rejection of FTX's lawyers' estimations. The customers contested that the four digital assets collectively remain worth over $1.1 billion.

然而，持有這些「山姆幣」的FTX客戶對估值提出了異議，並要求拒絕FTX律師的估算。客戶辯稱，這四種數位資產的總價值仍超過 11 億美元。

Judge Dorsey acknowledged the difficulty in definitively quantifying the value of cryptocurrencies, describing the digital assets as "intrinsically worthless."

多爾西法官承認明確量化加密貨幣的價值存在困難，並將數位資產描述為「本質上毫無價值」。

"The only value they get is from the transactions that occur," he said. "As far as I can tell, crypto trades based on sentiment and nothing else."

「他們獲得的唯一價值來自於發生的交易，」他說。 “據我所知，加密貨幣交易是基於情緒而不是其他。”

He heard arguments from both sides and indicated he would consider the matter before issuing a ruling on how the disputed crypto assets should be valued.

他聽取了雙方的論點，並表示他將在就如何估值有爭議的加密資產做出裁決之前考慮此事。

Token Performance

代幣表現

MAPS is the Solana-based native token for the Alameda-backed Web3 travel platform Maps.me. It has plummeted 98% since its May 2021 all-time high near $2, trading at $0.03 at the time of writing.

MAPS 是 Alameda 支援的 Web3 旅遊平台 Maps.me 的基於 Solana 的原生代幣。自 2021 年 5 月接近 2 美元的歷史高點以來，該貨幣已暴跌 98%，截至撰寫本文時交易價格為 0.03 美元。

OXY, the token for the Alameda Research-backed Solana-based Oxygen DeFi brokerage, has also shed 98% against its ATH, currently trading at $0.08.

OXY 是 Alameda Research 支援的、基於 Solana 的 Oxygen DeFi 經紀公司的代幣，相對於 ATH 也下跌了 98%，目前交易價格為 0.08 美元。

SERUM is the token for the FTX-backed decentralized exchange of the same name. It has lost 99.5% from its highs, now priced at $0.06 per token.

SERUM 是 FTX 支援的同名去中心化交易所的代幣。它已經從高點下跌了 99.5%，目前每枚代幣的價格為 0.06 美元。

Sam Bankman-Fried's Legal Woes

薩姆·班克曼-弗里德的法律困境

Bankman-Fried faces seven fraud charges from US authorities nearly a year after FTX's collapse. Prosecutors recently recommended a maximum sentence of 50 years in prison, while his lawyers argue that it's unfair to portray him as a "corrupting supervillain."

FTX 倒閉近一年後，Bankman-Fried 面臨美國當局提出的七項詐欺指控。檢察官最近建議最高判處 50 年監禁，而他的律師則認為將他描繪成「腐敗的超級惡棍」是不公平的。

Conclusion

結論

The outcome of FTX's attempt to dismiss customer claims on "Sam Coins" will have implications for the valuation of the company's assets in the ongoing bankruptcy proceedings. The court's decision may provide guidance on the treatment of digital assets in future bankruptcy cases involving crypto companies.

FTX 試圖駁回客戶對「Sam Coins」的索賠的結果將對該公司在正在進行的破產程序中的資產估值產生影響。法院的裁決可能為未來涉及加密貨幣公司的破產案件中數位資產的處理提供指導。