FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised
Read more
Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities.
Read more
FTX’s New Promise: Full Repayment Plus Compensation
Overview of FTX’s Repayment Plan Continue reading on Medium »
Read moreFTX plans full pay back of all creditors ‘plus billions in compensation’
Under the plan, 98% of FTX creditors will get at least 118% of their claims back — the remainder will receive all of their claims
Read moreFTX addresses transferred $8.3M one day before amended proposal deadline
The transfer occurred a day before FTX debtors are set to release a new restructuring plan for the exchange.
Read moreFormer FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.
Read more