FTX creditors' representatives have agreed to support the restructuring plan to be submitted on December 16

2023-10-17 08:55:06
Collection

ChainCatcher news, the official account of FTX creditors stated on social media that, after extensive discussions with the special committee for non-US customers, the unsecured creditors committee, and the plaintiffs in the class action lawsuit, a settlement has been reached regarding the customer property dispute: if approved by the bankruptcy court, the settlement agreement will create a special deficiency claim to benefit customers. As proposed by the FTX debtors in July, it will also facilitate making offers to eligible customers for the agreed amounts. All relevant creditor representatives have agreed to support the related amended reorganization plan to be submitted on December 16, 2023.

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