Last Monday a memo was released. It includes a DOJ doc that clarifies numerous ways that scammers use to scam investors in digital assets.
The DOJ includes excerpts from the eminent 2022 bankruptcy case. Then, the Voyager Digital case and the Celsius Network. Meanwhile, Genesis Global, BlockFi, and Gemini Trust are there. Also note that there are no criminal charges in some of the cases.
However, the DOJ identifies several instances of fraud and theft, too. The asset value has dramatically improved over the ensuing years. Now, fraudsters can unsettle the digital asset industry with repeated scams. So, there must be a way to stall that at once.
The FTX Example
You can take the FTX case, for example. The former CEO, Sam Bankman, declared bankruptcy in 2022. At that point, a single BTC was valued at $17,500. In January 2025, the coin was valued at $108,000.
Around 300 creditors of the case wrote letters to the federal judge, dealing with the case. Now it seems that they will be getting back their money in fiat, synced to the Nov 2022 prices.
Meanwhile, they won’t get the chance to share the gargantuan gains!
What does the Court Want?
Now, it seems that the court does not have any unholy attitude. The court doesn’t want to unsettle the creditors. The real problem lies elsewhere.
The existing bankruptcy regulations declare that all forfeited assets must be returned to the victims at their dollar value. But not the real-time dollar value. Instead, the contemporary value would be applicable here.
To some, it may seem unreal or unfair at large. Meanwhile, experts say that the rule is there for a reason. And for now, changing it won’t be easy.
