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FTX: Displaying Unfilled Derivative Positions Separately

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Post time 25-9-2023 10:49:53 | Show all posts |Read mode
"On September 24th, according to official information, FTX released more details regarding derivative position claims. In the initial customer claims plan submitted on March 15, 2023, it was assumed that all unfilled derivative positions had been closed and included in the USD balance. In the revised customer claims plan submitted on June 27, 2023, all unfilled derivative positions as of the application date and time (November 11, 2022) were split into separate projects to display the number of contracts held by derivative code.

These changes will 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 made to the customer claims portal is to break down any derivative positions into separate line items for increased transparency."
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Post time 25-9-2023 10:56:17 | Show all posts
Displaying separately also provides greater clarity and transparency.
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