The FTX debtors, who run a bankrupt crypto exchange, have modified their request for a settlement deal after facing opposition from the U.S. Trustee, a court document revealed on Sunday.
The debtors accused the U.S. Trustee of being the only one who objected to their motion and of interfering with a normal settlement process that was already supervised by two creditor committees.
However, they also said they were willing to make some changes to address the concerns.
The new proposal would involve notifying the U.S. Trustee about the settlements and lowering the maximum value of the claims covered by the procedures from $10 million to $7 million.
The debtors would also report monthly on the settlements they made. Any disputes from the “noticed parties” would have to be resolved or approved by the court before the claim process could proceed.
