FTX Withdraws Plan to Forfeit $800 Million in Customer Claims

TLDR FTX withdraws proposal to forfeit $800M in global customer claims. International creditors pressured FTX to reverse controversial plan. FTX’s withdrawal ensures customer claims stay active for repayment. Chinese creditors led opposition against FTX’s restricted claim plan. Creditors hope for quicker repayment process after FTX reverses plan. FTX has withdrawn a controversial bankruptcy proposal that [...]

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