FTX 努力驳回破产案中的“Sam Coins”索赔

陷入困境的加密货币交易所 FTX 试图驳回投资者对所谓“山姆币”的索赔，认为在正在进行的破产程序中它们的价值应该为零。在 3 月 26 日的听证会上，FTX 的律师要求特拉华州破产法官 John Dorsey 大幅折扣客户对与入狱的 FTX 创始人 Sam Bankman-Fried 密切相关的几种数字代币的索赔。

Embattled FTX Seeks to Dismiss 'Sam Coins' Claims

陷入困境的 FTX 寻求驳回“山姆币”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.

陷入困境的加密货币交易所 FTX 正在寻求驳回客户对所谓“Sam Coins”的索赔，称在其正在进行的破产案件中，这些货币的估值应为 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 日的听证会上，FTX 的律师敦促特拉华州破产法官 John Dorsey 大幅折扣客户对与入狱的 FTX 创始人 Sam Bankman-Fried 密切相关的一系列数字代币的索赔。

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 律师 Brian Glueckstein 表示，客户对旅游平台 Maps (MAPS)、去中心化金融 (DeFi) 经纪公司 Oxygen (OXY)、去中心化交易所 Serum (SERUM) 和 Boba (BOBA) 的原生代币的索赔应该大幅折扣或降至 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.

格鲁克斯坦解释说，专家们对资产的索赔价格进行了保守分析，以确定其价值的合理降价。

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

他说：“客户正在为这些数字资产主张赋予价值，这些主张假设市场从未存在过，也永远不会存在。”

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 的估值专家 Sabrina Howell 得出的结论是，由于该公司持有超过 95% 的 OXY 和 MAPS 代币（这些代币与 SBF 密切相关），因此需要数十年的时间才能清算它们。

Valuation Dispute

估值纠纷

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%.

根据他们的分析，FTX 断言，与 MAPS 和 OXY 代币相关的索赔（按当前汇率计算价值超过 6 亿美元）应被视为毫无价值。与此同时，与价值 5.09 亿美元的 SERUM 代币相关的索赔应折扣 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，持有这些“山姆币”的FTX客户对估值提出了异议，并要求拒绝FTX律师的估算。客户辩称，这四种数字资产的总价值仍超过 11 亿美元。

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

多尔西法官承认明确量化加密货币的价值存在困难，并将数字资产描述为“本质上毫无价值”。

"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."

“他们获得的唯一价值来自于发生的交易，”他说。 “据我所知，加密货币交易基于情绪而不是其他。”

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.

他听取了双方的论点，并表示他将在就如何估值有争议的加密资产做出裁决之前考虑此事。

Token Performance

代币表现

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 支持的 Web3 旅游平台 Maps.me 的基于 Solana 的原生代币。自 2021 年 5 月接近 2 美元的历史高点以来，该货币已暴跌 98%，截至撰写本文时交易价格为 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 支持的、基于 Solana 的 Oxygen DeFi 经纪公司的代币，相对于 ATH 也下跌了 98%，目前交易价格为 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 支持的同名去中心化交易所的代币。它已经从高点下跌了 99.5%，目前每枚代币的价格为 0.06 美元。

Sam Bankman-Fried's Legal Woes

萨姆·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 倒闭近一年后，Bankman-Fried 面临美国当局提出的七项欺诈指控。检察官最近建议最高判处 50 年监禁，而他的律师则认为将他描绘成“腐败的超级恶棍”是不公平的。

Conclusion

结论

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 试图驳回客户对“Sam Coins”的索赔的结果将对该公司在正在进行的破产程序中的资产估值产生影响。法院的裁决可能为未来涉及加密货币公司的破产案件中数字资产的处理提供指导。