News list for " group plan"
According to the official announcement, the FTX debtor restructuring plan has come into effect today. Customers need to file a claim through the official website to be eligible for a refund, and FTX said the first group of customers should receive a refund within 60 days. The first "convenience" users will be reimbursed first under the FTX scheme, which includes those with claims of $50,000 or less. The scheme, which was approved in October, provides that 98 per cent of FTX users are expected to...
After the US court approves the bankruptcy reorganization plan of FTX, FTX will distribute cash to customers and creditors. At this stage, it is working to finalize the arrangement of distributing funds to creditors in more than 200 jurisdictions around the world, and is formulating relevant agreements. It will also hire professional agencies to recover debts from customers around the world.
FTX's bankruptcy reorganization plan has sparked a heated debate in Delaware bankruptcy court. FTX attorneys and creditors debated the disclosure statement at Tuesday's hearing. The statement gives creditors information to help them decide whether to accept the reorganization plan. FTX plans to pay at least 118 percent of the amount claimed to 98 percent of its creditors, but some want to pay in cryptocurrency rather than cash. Judge John Dorsey needs to approve the plan, creditors will then vot...
7x24 Newsflash
Hot News
