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PANews news on August 21, according to CoinDesk, according to court documents filed on Sunday, after the US trustee objected to the previous motion, the debtor of the encryption exchange FTX revised the settlement motion. In the latest proposal, debtors would list U.S. trustees as interested parties and reduce the maximum settlement value of claims covered by the process to $7 million from the previous $10 million. The debtor will also file a monthly report of the executed settlement.
It is understood that all Concerned Party objections will need to be resolved or settled by court order before the claims process can proceed. The U.S. trustee previously opposed the motion, saying $10 million was far too high to constitute a "small" claim and did not even provide sufficient notice of the nature of the claim.