FTX, the potentially reviving crypto exchange, has proposed a plan to reorganize its creditors into different groups based on their priority. If the plan is approved, the company will relaunch the FTX exchange for international investors.
The new plan from FTX offers no allowance to FTT holders.
According to the filing, there are various groups of creditors in the FTX bankruptcy case. One specific group is “dotcom customers,” which are offshore investors of the exchange. Other groups include U.S. customers, NFT customers, general unsecured claims, secured claims, and subordinated claims.
The group of U.S. customers refers to customers in the United States. The “NFT customers” group is for customers that use the FTX NFT exchange.
The general unsecured claims include debts owed to Alameda’s lenders and trading partners. The subordinated claims consist of debts owed to creditors who have agreed to subordinate their claims, such…
