FTX Lawyers Hit Back at Creditors Criticizing Restructuring Plan After ‘Many Months’ of Work

The attorneys argued that this might “require aid from this Court docket,” they might be confronted with a separate threat of commingling of their treasury investments, and the step “creates a threat of loss within the occasion of a necessity for fast monetization, or the dearth of liquidity within the surety collateral market, which isn’t an idle concern given the latest financial institution failures allegedly induced partially by overinvestment in U.S. treasuries.”