FTX announces the latest proposal to return billions of dollars to customers and creditors

ChainCatcher news, according to Bloomberg, FTX has announced its latest proposal to return billions of dollars to customers and creditors. The payment plan requires the distribution of billions of dollars in cash after most of the company's cryptocurrency has been liquidated.

Next year, FTX's restructuring plan will be sent to creditors for a vote (key details may be added), and then submitted to U.S. Bankruptcy Judge John Dorsey for final approval. The main creditor and customer groups involved in the Chapter 11 case have agreed to the overall outline of the plan.