While FTX's newly revised proposal promises "billions of dollars in compensation," creditors are unhappy with specific provisions related to the law firm Sullivan & Cromwell (S&C). FTX announced a new amendment to the debt repayment bill on the 7th, which contains an exemption clause. An exemption clause is one that exempts some parties from liability if damage is caused during the enforcement of the insolvency proceedings. FTX creditor Sunil said that in FTX's case, S&C may have added a clause that exempted itself from any potential liability. Sunil is part of FTX's largest creditor group, the FTX Customer Ad-Hoc Committee, which has longest 1,500 FTX creditors. （Cointelegraph） Earlier today, it was reported that FTX and its related debtors filed a revised restructuring plan and disclosure statement with the U.S. Bankruptcy Court in Delaware on Tuesday. The plan is expected to centrally distribute nearly all of FTX's assets at the time of FTX's bankruptcy in November 2022 to customers and other creditors around the world. FTX expects the total value of assets collected, converted into cash, and available for distribution to be between $14.5 billion and $16.3 billion. This amount includes assets controlled by the Chapter 11 debtor and assets controlled by the joint official liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and FTX Australia. It is reported that FTX owes about $11 billion to customers and other non-government creditors. This extra cash will be used to pay interests on the company's longest 2 million customers, a rare outcome because creditors typically receive only a fraction of the face value in U.S. bankruptcy cases.

A day after announcing the acquisition of 24,800 bitcoins, the CEO of Nilam Resources resigned. The company's chaotic press release did not detail the origin of the bitcoin, raising questions about its authenticity. The move caused volatility in the company's stock price, with the CEO accusing the company of stock manipulation and hinting at a regulatory investigation. It was previously reported that Nilam Resources plans to acquire 24,800 BTC through an ad hoc entity, MindWave.

PANews reported on February 22 that according to IBTimes, digital asset company Lejilex and the non-profit industry association Texas Crypto Freedom Alliance (CFAT) have filed a lawsuit with the United States SEC (SEC), questioning the agency's regulatory authority over "almost all digital asset transactions" in the state and the United States. Lejilex and CFAT said in a filing Wednesday with the U.S. District Court for the Northern District of Texas (Fort Worth Division) that over the past two years, the SEC has "taken a series of increasingly aggressive enforcement actions in the service of a serious regulatory overreach campaign." THE COMPLAINT STATES THAT THE U.S. SEC DID NOT COMPLY WITH CONGRESSIONAL RESTRICTIONS ON ITS JURISDICTION AND INSTEAD REGULATED THROUGH AD HOC ENFORCEMENT ACTIONS. In addition, the lawsuit alleges that industry participants have repeatedly asked the SEC to develop clear regulatory requirements that provide clear guidance on how Crypto Assets and digital asset participants should conduct business. The complaint also revealed that the plaintiff was a company seeking to launch a new virtual asset trading platform, while the other plaintiff was an association advocating for "reasonable digital asset regulation."

On December 7, it was reported that the official committee of FTX unsecured creditors disclosed a reply letter to the FTX2.0 customer ad hoc committee on December 4. In the view of the Official Committee, the substantive provisions of the current proposed reorganization plan strike an appropriate balance between the competing interests of stakeholders and positions in favour of all unsecured creditors. The revised restructuring plan and disclosure statement will be submitted to the bankruptcy court in mid-December to provide more details. The official committee will continue to evaluate any reasonable alternatives that might improve the terms of the proposed program. The process regarding a potential acquisition, recapitalization or other transaction is ongoing. In due course, any such transaction will be submitted to the court for approval in a motion to sell that will provide a description of the proposed transaction. The letter also stated that while the official committee is currently constrained by confidentiality obligations to disclose details, many of the concepts raised in the letter, including those involving equity tokens for debt recovery, are concepts that have been considered by the official committee and potential parties to the transaction. 官方委员会欢迎在未来几个月继续与FTX2.0客户特设委员会接触的机会，共同努力完成这些破产案件。

PANews reported on December 7 that the FTX Unsecured Creditors Official Committee disclosed a reply letter to the FTX 2.0 Customer Ad Hoc Committee on December 4. In the view of the Official Committee, the substantive provisions of the current proposed reorganization plan strike an appropriate balance between the competing interests of stakeholders and positions in favour of all unsecured creditors. The revised restructuring plan and disclosure statement will be submitted to the bankruptcy court in mid-December and further details will be provided. The official committee will continue to evaluate any reasonable alternatives that might improve the terms of the proposed program. The process regarding a potential acquisition, recapitalization or other transaction is ongoing. In due course, any such transaction will be submitted to the court for approval in a motion to sell that will provide a description of the proposed transaction. The letter also stated that while the official committee is currently constrained by confidentiality obligations to disclose details, many of the concepts raised in the letter, including those involving equity tokens for debt recovery, are concepts that have been considered by the official committee and potential parties to the transaction. The official committee welcomes the opportunity to continue engaging with the FTX 2.0 Customer Ad Hoc Committee in the coming months as we all work to complete these bankruptcy cases. In addition, according to the information about this case on the Epiq platform, the next hearing in the FTX bankruptcy case is December 13. It is reported that the FTX Official Committee of Unsecured Creditors was proposed by a U.S. trustee on December 15, 2022 to represent general unsecured creditors in Chapter 11 cases involving FTX Trading Ltd. parties. Previously, BlackRock, Ripple, Nasdaq and other companies were interested in the FTX 2.0 restart. FTX debtors plan to conduct the sales process in the third or fourth quarter of this year and select a "first bidder".

Bankrupt cryptocurrency exchange FTX on Wednesday received court approval to repay more than $2 million in legal fees to a group of non-U.S. creditors who had helped negotiate settlements between FTX's competing customer groups, Golden Finance reported. This amount will cover the period from May 1 to October 31. FTX also agreed to pay them up to $650,000 per month for the remainder of FTX's bankruptcy, subject to future court scrutiny. The law firms representing the ad hoc panel of non-U.S. clients are Eversheds Sutherland and Morris, Nichols, Arsht & Tunnell. According to FTX court documents, the exact amount of fees paid to these companies will depend on the work actually done and will be subject to further scrutiny by court-appointed fee examiners with potential challenges.

News on October 17, the FTX debtor, after extensive discussions with the non-US customer ad hoc committee, the unsecured creditor committee and the class action plaintiffs, has reached a settlement plan for the customer property dispute, and if approved by the bankruptcy court, the settlement agreement will create a special "deficiency claim" to benefit the customer, as the FTX debtor made in July, and facilitate the offer to eligible customers in an agreed amount, and all relevant creditor representatives agreed to support the meeting in December 2023 Relevant revised restructuring plan submitted on the 16th.

According to the Financial Associated Press, at the 7th World Intelligence Conference, Tianjin Port Group released the world's first hydrogen-electric hybrid artificial intelligence transportation robot (ART) independently developed and manufactured. The newly released hydrogen-electric hybrid artificial intelligence transportation robot uses multi-sensor fusion such as lidar, camera, and integrated navigation, and relies on 5G and Beidou navigation technology to realize automatic driving without any markers. The hydrogen-electric hybrid artificial intelligence transportation robot is equipped with the port version of the "Hongmeng" operating system - the world's first port comprehensive digital twin technology base "Jinhong", which has end-side ad hoc network and intelligent collaboration capabilities.