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FTX reveals draft plan to pay back the money
FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT.
The plan — which FTX expects to amend based on feedback from stakeholders — proposes valuing customer claims in US dollars as of the date it went bankrupt and repaying them by selling assets tied to various silos of the business, court papers show.
[Bloomberg]
FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT.
The plan — which FTX expects to amend based on feedback from stakeholders — proposes valuing customer claims in US dollars as of the date it went bankrupt and repaying them by selling assets tied to various silos of the business, court papers show.
[Bloomberg]
