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FTX Creditors Say Payout Deal Is 'an Insult'—and Plan to Revolt

FTX has a plan to repay its former crypto customers more than the billions of dollars they lost in the latest bankruptcy proposal. But some will reject it anyway.

By: Wired

May 09 2024
32
3634 Views

FTX Creditors Say Payout Deal Is 'an Insult'—and Plan to Revolt — FTX Creditors Say Payout Deal

Some creditors of the bankrupt crypto exchange FTX are preparing to reject a plan that would see them recover 118 percent of the money they lost. The proposal is far less generous than it might seem,… [+2945 chars]

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