FTX Creditor Group's Stand on Compensation Plan
Wednesday, 8 May 2024, 13:01
FTX Creditor Plan Overview
The FTX estate has proposed a compensation plan that aims to reimburse creditors generously. However, a representative of the creditor group is opposing this plan.
Compensation Breakdown
- 98% of creditors to receive at least 118% of claims
- Remaining creditors to be fully repaid
This decision can have significant implications on the outcome of the FTX estate's resolution.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.