FTX Seeks Delay as Creditors Challenge $470M Claims Freeze
FTX Seeks Delay as Creditors Challenge $470M Claims Freeze
The FTX estate, overseeing the 2022 bankruptcy proceedings, has petitioned a Delaware court for additional time to address more than 90 formal objections to its plan to suspend repayments to creditors in 49 defined "restricted foreign jurisdictions," which includes China—a jurisdiction responsible for approximately 82% ($380 million) of the disputed claims. This motion followed the filing of the initial stay motion and comes ahead of a Tuesday h...
Comments
Post a Comment