Bloomberg: FTX Announces Latest Proposal to Return Billions of Dollars to Customers and Creditors

According to Bloomberg, FTX has announced a new proposal to return billions of dollars to its customers and creditors. The payment plan requires the distribution of billions of dollars in cash after most of the company's cryptocurrencies have been liquidated.

Next year, FTX's restructuring plan will be sent to creditors for voting (key details may be added), and then submitted to U.S. bankruptcy judge John Dorsey for final approval. The main group of creditors and customers involved in the Chapter 11 case have agreed on the overall outline of this plan.