Coin

<ul class="news-points"> 
 <li>The FTX’s new proposals for its bankruptcy case reportedly left out key details.&nbsp;</li> 
 <li>The plan omitted details on how the company will estimate the value of some digital assets and how much customers will be paid.&nbsp;</li> 
 <li>Details about the defunct exchange’s possible restart were also not included.</li> 
</ul> 
Recently unveiled plans by FTX debtors to settle customer claims and bring the bankruptcy case to a close have left some important questions unanswered, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-12-18/ftx-files-plan-to-end-bankruptcy-pay-crypto-creditors-billions" target="_blank" rel="nofollow">reported</a>. The new proposal is an amendment to the defunct cryptocurrency exchange Chapter 11 plans.&nbsp;&nbsp; 
The newly unveiled reorganization plan reportedly left out some details, which has since raised concerns among creditors. One such unanswered question is how the company will estimate the value of some digital tokens and, importantly, how much creditors can expect to get back.&nbsp; 
Furthermore, the company omitted details on whether it will relaunch as a crypto exchange. Previously, the company’s new management said it was considering <a href="https://coinedition.com/bankrupt-ftx-weighing-relaunch-proposals-from-three-bidders/">bids for a possible restart</a>, a report that raised speculations within the crypto community. FTX said the relaunch could be a takeover, partnership, or the management restarting in…
The post <a href="https://coinedition.com/ftxs-new-proposal-left-many-important-questions-unanswered/">FTX’s New Proposal Left “Many Important Questions Unanswered”</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTX’s New Proposal Left “Many Important Questions Unanswered”

Coin Edition

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