FTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren’t Property of FTX Estate

“But when you dollarize – regardless of what digital asset it is, what form of asset it is – as of the petition date, that is essentially giving the debtors the power to liquidate whatever’s on the exchange and say, ‘This is what you get at the bottom of the market’,” Broderick said. “So it’s an important distinction, not just with respect to priorities and distribution timing, but it’s really important from a valuation standpoint.”