News Explorer — FTX Estate Submits Proposal to End Bankruptcy

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Dec 18, 9:36 am

Coindesk

FTX Estate Submits Proposal to End Bankruptcy

The estate of FTX, the collapsed crypto enterprise, has submitted a proposal to end bankruptcy with a Delaware court. The proposal aims to prioritize creditor and customer claims and calculate the value of claims based on asset prices at the time of the company's bankruptcy filing. The estate intends to "maximize and efficiently distribute value to all creditors."

The estate of FTX, the collapsed crypto enterprise, has submitted a proposal to end bankruptcy with a Delaware court. The proposal aims to prioritize creditor and customer claims and calculate the value of claims based on asset prices at the time of the company's bankruptcy filing. The estate intends to "maximize and efficiently distribute value to all creditors."

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