FTX creditors unimpressed with exchange’s bankruptcy exit plan By Cointelegraph

[ad_1]



A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

In a July 31 court filing, FTX’s Official Committee of Unsecured Creditors (UCC) said despite its repeated requests and previous promises from the team, it “did not have a single call or meeting” with FTX to discuss its draft Chapter 11 plan.

Excerpt of the UCC’s filing claiming FTX’s restructuring team did not properly consult it. Source: Kroll