Will SEC Challenge Halt FTX’s Bankruptcy Plan?

The Securities and Exchange Commission (SEC) has raised concerns about FTX’s proposed plan to use stablecoins to pay creditors. The cryptocurrency exchange FTX, which declared bankruptcy in November 2022 with a deficit of $8 billion, has planned to offer its creditors to cover 118% of their claims. This move has raised eyebrows among various stakeholders in the […] source: https://www.thecoinrepublic.com/2024/09/02/will-sec-challenge-halt-ftxs-bankruptcy-plan/