FTX's Crypto Claims Valuation Soars Amid Solana Rally and Bankman-Fried's Portfolio Success

FTX debtors have proposed a revised Chapter 11 reorganization plan, stating that the value of customer asset claims will be retroactively set to the time of the exchange's collapse in November 2022. The valuation will be based on the petition date, using conversion rates specified in a conversion table. However, since the bankruptcy filing, there has been a significant rise in crypto prices. Meanwhile, the FTX 2.0 Customer Ad Hoc Committee has proposed revisions to the reorganization plan to maintain a balance among stakeholder interests. There has also been scrutiny of the activities of crypto assets associated with FTX and Alameda Research, with reports of digital asset transfers worth $23.59 million to multiple crypto exchanges.