FTX​ releases restructuring plan, hints at rebooted offshore exchange

Related: FTX reboot on the method: CEO holds talks with interested celebrations– ReportThe international settlement will involve the appraisal of claims in U.S. dollars on an evaluation method prepared by FTX that has yet to be authorized by the bakruptsy court, consisting of disputes over possessions held on the FTX.com and FTX United States exchanges.FTX draft plan of reorganization. In that scenario, their claims would move to Class 4A or 4B, as detailed in the screenshot above.The document includes acknowledgment of special “shortage” claims by the 2 FTX exchange organizations versus this third swimming pool of general assets.” This would see a provision for particular creditors to opt for a share of equity, tokens and other interests in a possibly rebooted overseas FTX exchange.Under insolvency procedures, FTX has sued Other and bankman-fried linked directors in an effort to recuperate over $1 billion in supposed abused funds.