Unclosed derivative positions in the FTX claims plan will be displayed separately by item and will not affect the total claim amount

2023-09-24 14:57:10
Collection

ChainCatch message, FTX releases more information regarding claims for derivative positions.

In the initial customer claims plan submitted on March 15, 2023, it was assumed that all open derivative positions had been closed and included in the USD balance; whereas in the revised customer claims plan submitted on June 27, 2023, all open derivative positions as of the application date and time (November 11, 2022) were split into individual line items to show the number of contracts held by derivative code. This change does not alter or affect the total value of user claims, and the final USD equivalent valuation will be determined later.

The purpose of the changes to the customer claims portal is to break down any derivative positions into separate line items for greater transparency.

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