According to a report by Jinse Finance, FTX bankruptcy victims are seeking a ruling that the seized assets (approximately $8 billion) of the collapsed cryptocurrency exchange belong to its customers, not the bankruptcy estate. Last month, the FTX bankruptcy trustee proposed a new restructuring plan that would allow 98% of creditors to recover 118% of their claims in cash within 60 days after court approval. However, many FTX customers believe that they missed the opportunity to profit from the pump in cryptocurrency prices.
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FTX bankruptcy victims seek court ruling that $8 billion in assets belong to customers, not bankruptcy estate
According to a report by Jinse Finance, FTX bankruptcy victims are seeking a ruling that the seized assets (approximately $8 billion) of the collapsed cryptocurrency exchange belong to its customers, not the bankruptcy estate. Last month, the FTX bankruptcy trustee proposed a new restructuring plan that would allow 98% of creditors to recover 118% of their claims in cash within 60 days after court approval. However, many FTX customers believe that they missed the opportunity to profit from the pump in cryptocurrency prices.