FTX responds to UCC: It has already provided a roadmap including timeframes, planing to share this roadmap with the court on April 12

04/10 04:45

FTX creditor @AFTXcreditor tweeted that in response to the FTX debtor's application to extend its exclusivity period for submitting Chapter 11 plans and soliciting comments, the Official Committee of Unsecured Creditors of FTX (UCC) is "cautiously supportive", but reserves its rights to seek to terminate FTX's exclusivity period in the future. It appears the UCC is increasingly unhappy with the debtor's lack of progress and cooperation and wants more involvement in a reorganisation plan. The UCC asks the FTX debtor: 1. to present progress on 9 items at the court hearing on April 12th; 2. for more involvement; 3. to utilise the UCC's experience (any UCC member likely has more experience with both crypto and FTX than FTX's new management/advisors). FTX has filed a response to the UCC, arguing they have already provided a roadmap including timeframes. They plan to share this roadmap with the court on April 12th.
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