FTX filed a series of court documents yesterday (Monday) with the claims of the debtors and also proposed a plan for one class of claimants to relaunch the offshore cryptocurrency exchange operations with third-party investors.
The court filings have categorized the claimants of the defunct exchanges into different groups: claimants of FTX.com offshore exchange, called the “dotcom customers”; customers of the FTX US exchange; customers of the non-fungible token (NFT) exchange; and other general unsecured, secured and subordinated claims. The ones in general claims include Alameda’s lenders or trading partners, while taxes and fines from penalties were kept under subordinated claims.
FTX administrators will meet the claims based on “waterfall priorities,” meaning each class of claimants will receive a pro-rata payout from the pool after payouts to the preceding class of claimants are finished.
The large amount of documents published today on the docket is unusual
Something is happening… pic.twitter.com/wUVhYPiear
— FTXRELOADED – The most biggest comeback. (@FTXRELOADED) July 31, 2023
Reopening the Offshore Exchange
The “dotcom” category claimants of FTX have been given the option to pool their assets to create an…
