TechFlow news: FTX has released its latest restructuring plan to return billions of dollars to customers and creditors, which involves liquidating the majority of the insolvent company's cryptocurrency holdings and distributing billions in cash.
The plan is set to be submitted next year for a vote by creditors and could include key details added prior to submission, before being ultimately approved by a judge. Major creditor groups and customer stakeholders involved in the Chapter 11 case have agreed on the broad outline of the plan.
However, the proposal leaves several critical questions unresolved, including whether FTX will relaunch its shuttered exchange, how digital token values will be assessed, and how much funding creditors can ultimately expect to recover.
