ChainCatcher news, Australian cryptocurrency exchange Digital Surge's creditors have approved a 5-year rescue plan aimed at ultimately compensating the 22,545 customers whose digital assets were frozen on the platform, while allowing the exchange to continue operations.It is reported that the rescue plan was first presented to customers on December 8, the same day the company entered bankruptcy administration. According to the company's arrangement agreement, Digital Surge will receive a loan of $884,543 from its affiliated company Digico, enabling the exchange to continue trading and operations, with creditors set to be compensated from the exchange's quarterly net profits over the next 5 years.According to previous reports by ChainCatcher, the Australian cryptocurrency exchange Digital Surge, established in 2017, entered bankruptcy proceedings last December, leaving its 30,000 Australian customers unable to trade or withdraw funds. KordaMentha Restructuring has been appointed as the administrator and is developing a rescue plan. (source link)

ChainCatcher news reports that Digital Surge, an Australian cryptocurrency exchange established in 2017, has entered bankruptcy proceedings, leaving its 30,000 Australian customers unable to trade or withdraw funds. KordaMentha Restructuring has been appointed as the administrator and is working on a rescue plan. It is reported that Digital Surge has been using the FTX platform for some of its transactions.Previously in November, Digital Surge stated that it was unable to operate normally due to the impact of the FTX Australia management and suspended all deposit and withdrawal activities, expecting to make a further announcement regarding the situation within 14 days. (source link)