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HomeFinanceFTX collectors unimpressed with trade's chapter exit plan
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FTX collectors unimpressed with trade's chapter exit plan

A physique representing FTX prospects mentioned it’s “extraordinarily disillusioned” by the trade’s draft chapter exit plan and claims it was ignored by FTX’s restructuring staff.

In a July 31 court docket submitting, FTX’s Official Committee of Unsecured Collectors (UCC) mentioned regardless of its repeated requests and former guarantees from the staff, it “didn’t have a single name or assembly” with FTX to debate its draft Chapter 11 plan.

Excerpt of the UCC’s submitting claiming FTX’s restructuring staff didn’t correctly seek the advice of it. Supply: Kroll

Proceed Studying on Coin Telegraph

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