FTX, a cryptocurrency derivatives exchange, has submitted a revised reorganization plan to address its cryptocurrency claims valuation issues. The new plan would effectively address the grievances of the creditors alleging that the company overvalued certain tokens, such as Chainlink (LINK). The plan would set up a legal trust to oversee the evaluation process, which would then be subject to independent verification. Furthermore, FTX would release its total holdings in LINK to the trust, thus ensuring an objective evaluation. This new plan marks an important milestone in the company’s attempts to address its claims, and serves as a positive sign for holders of LINK tokens, who are likely to benefit from the increased liquidity that will result from the token being released.
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
