FTX, the bankrupt cryptocurrency exchange, is seeking approval from a judge on Tuesday to allow its customers to vote on a liquidation plan. The plan aims to compensate victims in cash through wind-down payments, but has faced significant objections from some customers who demand higher repayments, calling the plan 'fatally flawed.' The dispute over the multi-billion dollar plan highlights the ongoing conflict between bankruptcy lawyers in Delaware and class action attorneys in Miami. The outcome of the vote could determine how billions of dollars in claims from FTX's 2022 collapse are distributed.
[BLOOMBERG] #FTX customers to vote on multi billion dollar repayment plan
A tussle is underway for control of billions of dollars in claims arising from the 2022 implosion of the crypto exchange FTX. The dispute is pitting bankruptcy lawyers in Delaware against class action attorneys in Miami. Read @AlisonFrankel's latest column https://t.co/UOgmYiezsi https://t.co/FvPH5PDt9U
FTX customers will be asked in the coming weeks to vote on the failed crypto exchange’s multi billion dollar plan for compensating victims whose assets have been locked on the platform since it collapsed. https://t.co/9nqFBSaN9P
FTX will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the objections of some customers who demand higher repayments. Subscribe to The Daily Docket: https://t.co/s1z0JFig0G https://t.co/oCs5RM5I6N
FTX seeks creditor votes on bankruptcy wind-down payments - Reuters https://t.co/baHz2F5qWz
FTX VICTIMS ARE OBJECTING TO A REPAYMENT PLAN THAT CHEATS THEM OF BILLIONS - FTX will today ask a US judge to allow customers to vote on its repayment plan, following mass objections to the deal, per Reuters. - The exchange’s customers object fiercely to the deal, which claims… https://t.co/TS5jBHpfSg https://t.co/i6OVd8rzq2
FTX will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the objections of some customers who have demanded higher repayments https://t.co/WGKBy5dNBY @DietrichKnauth https://t.co/hK8qqAMvfb
JUST IN: FTX CREDITORS ARE SEEKING A VOTE ON THE FAILED CEX'S "FATALLY FLAWED" REPAYMENT PLAN ~ REUTERS
FTX seeks creditor votes on bankruptcy wind-down payments https://t.co/HBLjhNpyP9 https://t.co/EpkfGNfkpG
🔵 FTX SEEKS CREDITOR VOTES ON BANKRUPTCY WIND-DOWN PAYMENTS FTX on Tuesday will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the objections of some customers who have demanded higher… https://t.co/LF0xA2SXqn
(1/6) Let's take a look at the recent crypto industry updates: Customers challenge FTX’s bankruptcy plans: A representative of the FTX Customers Ad Hoc Committee has said they want their cryptocurrency back rather than a cash plan from FTX. https://t.co/dfVOjN9WiY