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<ul><li>FTX proposes to return billions of dollars to its customers and creditors in an effort to make them whole.</li><li>Customer claims will be paid based on the value of crypto assets at the time of the exchange’s collapse.</li><li>Crypto exchange FTX legal fees and the customer shortfall account for a similar amount.</li></ul>According to a recent proposal filed by FTX, the platform has decided to pay billions of dollars in cash to customers and creditors by liquidating its crypto assets. The challenge now is the large legal fees that the FTX has incurred; legal fees have become similar to the customer shortfall.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a5581a35a5b94509b3727a646374b83b.png" />On December 18, FTX <a href="https://www.bloomberg.com/news/articles/2023-12-18/ftx-files-plan-to-end-bankruptcy-pay-crypto-creditors-billions" rel="noopener noreferrer nofollow">disclosed</a> its latest proposal to return billions of dollars to its customers and creditors, possibly leading to a final ending of the FTX fraud case. Although FTX reported the reorganization plan, it still left many important questions unanswered. The details in question include FTX’s new beginning as a crypto exchange and the amount customers and creditors could expect to get back.Read full article a<a href="https://cryptotale.org/ftx-plans-to-pay-customers-and-creditors-by-liquidating-crypto-assets/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

FTX Plans To Pay Customers and Creditors by Liquidating Crypto Assets

CryptoTale

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