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TechFlow news — FTX bankruptcy victims are seeking a ruling that the approximately $8 billion in assets seized from the bankrupt cryptocurrency exchange belong to its customers, not to the bankruptcy estate.
Last month, the estate proposed a new reorganization plan that would allow 98% of creditors to recover 118% of their claims in cash within 60 days after court approval.
FTX bankruptcy victims are seeking a ruling that determines the approximately $8 billion in seized assets from the collapsed cryptocurrency exchange belong to its customers, not to the bankruptcy estate. Last month, the estate proposed a new reorganization plan that would allow 98% of creditors to recover 118% of their claims in cash within 60 days of court approval.
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