As SBF’s appeal date nears, the clash between his claims and the bankruptcy team’s decisions continues.

SBF supporters emphasize that customers are receiving “120%+ of their Nov 2022 dollar value,” though $380 million remains disputed, mostly for Chinese users. Meanwhile, bankruptcy leadership insists that converting assets to dollars ensured stability and fairness for creditors.

The resolution of these disputes could set important precedents for crypto bankruptcy practices and regulatory approaches, shaping how the industry handles future crises.