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Zenger
Zenger
National
Murtuza Merchant

FTX Unveils Restructuring Plan To Revive As Offshore Entity

NEW YORK, NEW YORK - JULY 26: FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance on July 26, 2023 in New York City. (Photo by Michael M. Santiago/Getty Images)

FTX recently detailed its proposed restructuring plan, which aims to facilitate the exchange’s revival as an offshore entity.

Documents submitted on July 31 include a draft plan that describes the disgraced company’s planned approach to resolving an “exceptionally large and complicated collection of claims”.

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