Bankruptcy administrator FTX has unveiled a plan to relaunch an offshore exchange with access for users outside the US.
The company intends to separate “dotcom customers” from the rest of the world. According to the document, they will receive “a pro-rata share of revenue from the pool of assets associated with FTX.com.”
The firm also plans to create a separate organization to manage the relaunch of the offshore exchange, which will not be available in the United States
“Instead of distributing all cash, the offshore exchange company will remit remuneration to a pool of dotcom clients in the form of equity securities, tokens or other assets,” the statement said.
FTT token holders’ claims “will be canceled or redeemed as of the effective date” of the relaunch plan, and they will not be entitled to additional distributions.