FTX debtor modifies settlement proposal after previous motion was opposed

ChainCatcher news, court documents show that after the U.S. trustee opposed a previous motion, the FTX debtors modified the settlement proposal.

In the latest proposal, the debtors will list the U.S. trustee as an interested party and reduce the maximum settlement value of the claims covered by the procedure from the previous $10 million to $7 million. The debtors will also submit monthly reports on the executed settlements. Any objections from the interested parties will need to be resolved or settled through a court order before the claims process can proceed.