Three so-called recovery pools will guide creditor repayments.
The plan calls for giving no recovery on account of FTT tokens due to their “equity-like characteristics,” advisers for FTX wrote in the filings.FTX emphasised that the plan is still in its infancy and subject to change. The company intends to collaborate with creditors in the coming months and file an amended plan in the fourth quarter of this year, he said.
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