08-11-2023, 06:35 AM
FTX debtors and UCC clash over asset control in restructuring
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-08/358c3b47-0414-466c-8a6f-e2eb5bf0025f.jpg"></p><p>FTX strongly criticized the UCC’s pursuit of asset control, recommending that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasurys.</p>
https://cointelegraph.com/news/ftx-debto...tructuring
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-08/358c3b47-0414-466c-8a6f-e2eb5bf0025f.jpg"></p><p>FTX strongly criticized the UCC’s pursuit of asset control, recommending that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasurys.</p>
https://cointelegraph.com/news/ftx-debto...tructuring