Bitcoin

FTX Token

New Reorganization Plan Allows Debtors to Combine Assets for Offshore Exchange Creation.FTX, the bankrupt crypto exchange, has submitted a plan that may lead to the revival of FTX.com. The new <a href="https://cryptosheadlines.com/okx-cryptocurrency-exchange-enhances-customer-security-with-advanced-proof-of-reserves-technology/" rel="noopener noreferrer nofollow">exchange would serve offshore customers</a> exclusively. However, FTT token holders won’t receive any compensation under this proposal.The plan also organizes creditors into different classes, <a href="https://cryptosheadlines.com/paypal-improves-crypto-offerings-for-60-million-venmo-users-allowing-transfers-to-external-wallets-and-exchanges/" rel="noopener noreferrer nofollow">allowing one class to potentially restart the exchange</a> with the help of third-party investors if they all agree to it.The filing, posted on Monday night U.S. time, categorizes the claimants into different groups. The first group consists of “dotcom customers,” who are claimants of the FTX.com offshore exchange. <a href="https://cryptosheadlines.com/ftx-to-relaunch-crypto-exchange-for-global-users/" rel="noopener noreferrer nofollow">Read More...</a>

FTX to Relaunch Crypto Exchange for Global Users

CryptosHeadlines.com

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