FTX creditors: The new CEO did not mention that FTX owns 55 million SOL upon taking over and will oppose any plans from S&C

2024-04-28 16:08:48
Collection

ChainCatcher news, FTX creditor Sunil Kavuri posted on social media that the law firm Sullivan & Cromwell (S&C) may propose an FTX plan that includes the following terms: immunity from any wrongdoing; placing "puppet" John Ray in charge, with no accountability.

He stated that John Ray is not a victim, but he sent a victim impact statement to SBF that was filled with misinformation and even lies. FTX not only failed to help restore value but deliberately undermined the value of creditors' (assets), with FTX creditors suffering losses exceeding $10 billion. When the new CEO took over FTX, the platform had 105 bitcoins, but there was no mention of about 55 million Solana (SOL). Due to SBF's fund transfers, FTX's cryptocurrencies are not on the FTX platform, and the Alameda backdoor caused this situation, which is why creditors cannot retrieve their cryptocurrencies. Sunil stated he would oppose any of their plans, and FTX creditors should do the same.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators