Lawyers debate FTX's reorganization plan in bankruptcy court as creditors gear up to vote on next steps

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FTX News

Bankruptcy

Bankrupt FTX is gearing up for creditors to vote on a reorganization plan following the catastrophic fall of the crypto firm two years ago.

Bankrupt FTX is gearing up for creditors to vote on a reorganization plan following the catastrophic fall of the crypto exchange almost two years ago.

Some, including those representing FTX's largest creditor group, have opposed the plan and said the estate should pay out cryptocurrencies in-kind rather than the dollar value when the exchange filed for bankruptcy in November 2022. Dietderich said they planned to solicit a vote and said one of the purposes of the vote was to get feedback from creditors.

 

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