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FTX Bankruptcy Proceedings Set Customer Claim Values Based on Nov 11 Crypto Prices: Bitcoin Valued at $16,871

In the ongoing bankruptcy proceedings of FTX, the valuation of customer claims has been set based on cryptocurrency prices as of November 11, 2022: Bitcoin at $16,871, Ethereum (ETH) at $1,258.84, and Solana (SOL) at $16.25. Customers who will receive cash for their cryptocurrencies at approximately a third of their current market value have the option to submit written objections until January 11.

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