FTX collectors unimpressed with exchange’s financial catastrophe exit map

FTX collectors unimpressed with commerce’s bankruptcy exit view

A physique representing FTX customers stated it is “extremely upset” by the commerce’s draft bankruptcy exit view and claims it used to be brushed off by FTX’s restructuring crew.

In a July 31 court docket submitting, FTX’s Decent Committee of Unsecured Creditors (UCC) stated despite its repeated requests and earlier guarantees from the crew, it “did no longer derive a single call or meeting” with FTX to discuss its draft Chapter 11 view.

<em>Excerpt of the UCC&#8217;s submitting claiming FTX&#8217;s restructuring crew did no longer effectively consult it. Supply: Kroll</em>

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