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Bitcoin

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
  • Jun 03 2024
  • 11
  • 2888 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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