Jeremy Hill / Bloomberg:
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote — - Customer claims to be valued in US dollars as of bankruptcy — Company hasn't ruled out rebooting offshore exchange
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Tuesday, August 1, 2023
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote (Jeremy Hill/Bloomberg)
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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)
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