CoinOtag
2025-11-19 21:22:14

Former FTX Creditor Alleges Legal Team Blocked Potential Multi-Billion Revival Plan

Arush Sehgal, former FTX unsecured creditors’ committee member, accused the bankruptcy legal team of sabotaging a revival plan that could have returned tens of billions to creditors, citing three well-funded bidders left empty-handed despite promising equity offers. Sehgal resigned from the UCC to pursue an FTX 2.0 bid with Kraken CEO Arjun Sethi and Tribe

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