FTX is a big company that lets people buy and sell things called cryptocurrencies. Cryptocurrencies are digital money that can be traded online. The boss of FTX, Sam Bankman-Fried, has his own special tokens called 'Sam Coins' that he gave to other companies. These companies used the 'Sam Coins' for different things like travel and trading. But now FTX is in big trouble and has to pay back a lot of money to people who trusted them. So, they want to say that these 'Sam Coins' are not worth anything anymore because Sam Bankman-Fried doesn't have enough money to give them what they promised. Read from source...

1. The headline is misleading and sensationalized, as it suggests FTX is actively pushing to nullify the value of all 'Sam Coins', which is not true. FTX is only challenging the claims for specific tokens that are tied to Bankman-Fried's personal projects or ventures, not the general value of his holdings or contributions to the crypto ecosystem.

bearish
Summary: FTX seeks to nullify the value of 'Sam Coins', tokens tied to its founder Sam Bankman-Fried, amid bankruptcy proceedings. The company argues that these tokens should be devalued and disregarded in claims.