FTX debtors to receive asset value based on petition submission date

FTX, a cryptocurrency exchange that met its demise in November 2022, is currently grappling with intricate challenges as debtors submit an amended Chapter 11 plan of reorganization. This proposal suggests an unusual approach: retroactively setting the value of customer asset claims to the time of the exchange’s collapse. Filed in the United States Bankruptcy Court […] source: https://www.cryptopolitan.com/ftx-debtors-asset-petition-submission-date/