FTX has a plan, but creditors are not impressed: Law Decoded By Cointelegraph
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FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.
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 the plan. The UCC warned it would put forward its own plan for FTX customers to vote on if it continued to be ignored.
IRS deems crypto staking reward taxable once received
U.S. Senators believe there are $50 billion of non-collected taxes on crypto
DOJ is concerned about a run on Binance in the case of fraud charges
Continue Reading on Coin Telegraph
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FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.
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 the plan. The UCC warned it would put forward its own plan for FTX customers to vote on if it continued to be ignored.
IRS deems crypto staking reward taxable once received
U.S. Senators believe there are $50 billion of non-collected taxes on crypto
DOJ is concerned about a run on Binance in the case of fraud charges
Continue Reading on Coin Telegraph
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