FTX files amended reorganization plan, expects between $14.5-$16.3 bln for distribution

May 7 (Reuters) – Crypto exchange FTX filed an amended reorganization plan with a United States bankruptcy court, the company said in a statement on Tuesday.

FTX said that it anticipates the total value of property collected, converted to cash and available for distribution will be between $14.5 billion and $16.3 billion. (Reporting by Gursimran Kaur in Bengaluru; Editing by Shailesh Kuber)

(c) Copyright Thomson Reuters 2024. Click For Restrictions – https://agency.reuters.com/en/copyright.html