FTX Filed Reorganization Plan and to Relaunch Offshore Exchange to Compensate Customer Losses

FTX 2.0 Coalition announced on social media that FTX has submitted a reorganization plan, with key information including:

1. all non-customer claims (such as the US Internal Revenue Service) will be subordinate,
2. FTT claims will have zero value,
3. the offshore trading platform will be relaunched to compensate the customer shortfalls

Related: FTX Begins Negotiations on Relaunch, Discussion include Existing Customer Compensation Plan

More about FTX2.0: FTX2.0 Topic Page

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