FTX has a plan, however collectors are usually not impressed: Legislation Decoded

FTX has outlined its supposed reorganization plan, which is able to categorize claimants of the bankrupt change into particular courses and pave the best way for it to grow to be operational as an offshore entity. Nonetheless, a physique representing FTX prospects stated it’s “extraordinarily upset” by the plan.

FTX’s Official Committee of Unsecured Collectors (UCC) stated regardless of its repeated requests and former guarantees from the crew, it “didn’t have a single name or assembly” with FTX to debate the plan. The UCC warned it would put ahead its personal plan for FTX prospects to vote on if it continued to be ignored.

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