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FTX debtors and UCC clash over asset control in restructuring

August 10, 2023 by DIGIT
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FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries.

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Categories Cryptocurrencies, Cryptocurrency Exchange, ftx, Law
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  • ethereumEthereum(ETH)$2,942.51-2.38%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$885.19-0.25%
  • rippleXRP(XRP)$1.92-2.31%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$128.18-1.88%
  • JUSDJUSD(JUSD)$1.000.02%
  • tronTRON(TRX)$0.3062052.30%
  • staked-etherLido Staked Ether(STETH)$2,942.68-2.49%