Coverage of bankruptcies and restructurings reshaping the digital asset and financial sectors.
FTX’s fourth creditor distribution will inject roughly $2.2 billion into the market at a moment when Bitcoin is already trading under pressure from a deteriorating macro backdrop.
The bankrupt exchange is reportedly eyeing a relaunch of its trading operations.
The amended plan categorizes creditor claims against Genesis Global Holdco into 10 classes, with 4 classes of crypto-denominated unsecured claims divided by currency.
