FTX'S REVISED REORGANIZATION PLAN VALUES CRYPTO CLAIMS AT TIME OF BANKRUPTCY

Summary from the TLDR Crypto newsletter

The FTX estate filed an amended Chapter 11 reorganization plan treating cryptocurrency claims as their equivalent cash value on its bankruptcy filing date, November 11, 2022. With the current market recovery, this might cause creditors to lose potential gains. The plan, requiring several approval thresholds, could potentially be enforced even on non-agreeing creditors if it is deemed fair and equitable.