FTX restructuring team criticizes FTX unsecured creditors, including traders and market makers, seeking control over assets

ChainCatcher news, according to Bloomberg, FTX's management has criticized the actions of traders and market makers within the unsecured creditor group, accusing them of seeking to control assets without regard for the impact on other stakeholders.

The official committee of FTX unsecured creditors has called for FTX to invest a portion of its nearly $2.6 billion cash reserve in short-term government bonds to generate more net income for the bankruptcy estate. The committee stated that FTX is missing out on better returns from its substantial cash and token holdings.