FTX's revised restructuring plan: values ​​crypto claims in bankruptcy

#FTXdebtors today filed their amended Chapter 11 Plan of Reorganization, which includes a provision treating cryptocurrency claims as cash values ​​when filing for bankruptcy on November 11, 2022.

The prices of most cryptocurrencies have recovered since the crash; Bitcoin's price was around $17,000 at the time and is currently trading above $42,000.

FTX Debtors estate managed by CEO John Ray III and Sullivan & attorneys. Cromwell filed its amended Chapter 11 reorganization plan today, laying out exactly how the bankruptcy claims in the case will be handled.

It is noteworthy that the plan includes a provision to evaluate the rights of plaintiffs. $FTT