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FTX customers feel short-changed by company's crypto valuations
Dozens of FTX customers have asked a U.S. bankruptcy judge to stop the collapsed crypto exchange from using 2022 prices to value their cryptocurrency deposits, saying that FTX is preventing its customers from benefiting from a rebound in crypto prices. One FTX customer, Anthony Maurin, said in a Thursday letter to U.S. Bankruptcy Judge John Dorsey in Delaware, who is overseeing FTX's Chapter 11 proceedings, that he felt "aggrieved and robbed" when FTX's bankruptcy prevented him from accessing his account, and called the exchange's bankruptcy plan a "second act of theft." The plan would pay customers back in ... (full story)