TechFlow news: FTX creditor Sunil posted a tweet stating that S&C might propose an FTX plan containing the following terms:
- Immunity from any wrongdoing;
- Allowing John Ray to remain in charge without accountability;
He emphasized that John Ray is not a victim, yet he submitted a victim impact statement to SBF filled with misinformation and even lies.
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Instead of aiding recovery, FTX has deliberately undermined creditor value, causing FTX creditors to suffer losses exceeding $10 billion.
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When taking over FTX, the CEO held 105 bitcoins but failed to disclose approximately 55 million Solana.
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Due to fund transfers by SBF, FTX's cryptocurrency is no longer within FTX, a result of the Alameda backdoor.
He stated he would oppose any such plan 100%, and so should all FTX creditors.
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