- An organization representing FTX customers said it is “extremely disappointed” with the company’s reorganization plan.
- UCC said it has not held any phone calls or meetings with FTX representatives to discuss strategy.
Creditors of bankrupt cryptocurrency exchange FTX are not entirely happy with the platform’s reorganization plan, the official FTX Unsecured Creditors Committee (UCC) said in a statement.
The committee announced that despite repeated calls and earlier promises from the company’s management, it has not held any phone calls or meetings with representatives of the exchange to discuss the plan.
In addition, the UCC warned that it would develop its own plan to vote out FTX’s customers if they continue to ignore it.
Remember, in early August, the company unveiled a reorganization plan that would divide the company’s customers into different categories, some of which would receive more preferential treatment. The paper considers the option of completely liquidating the FTT native token without any compensation payments.
The idea of relaunching FTX was commented on by Jesse Powell, co-founder of cryptocurrency exchange Kraken. In his view, the best way out would be an auction, and “FTX 2.0 is worse than just starting from scratch, as there is no team, no technology, no license, no banking partners.”
The FTX 2.0 is worse than just starting from scratch, as there is no team, no technology, no license, no banking partners.