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Failed crypto exchange FTX proposed a plan to refund up to 90% of assets recovered to customers, but some creditors say that the actual refund could be smaller than what customers lost.
The FTX debtors group said the plan would be filed for approval by the bankruptcy court by Dec. 16.
The customers of bankrupt crypto exchanges FTX global and FTX.US are set to recover about 90% of their total assets.
FTX should be used as an example to build a more robust and pro-innovation crypto environment in the U.S.
Authorities confiscated Sam Bankman-Fried's two private jets, worth a collective $28.4 million, as the indicted FTX founder -- who was posed as a "flight risk" -- enters the fourth day of his trial.