FTX Files Plan to End Bankruptcy, Pay Crypto Creditors Billions

FTX Trading Ltd. unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case of the fraud-tainted crypto firm.

The reorganization plan left some of the most important questions unanswered, including whether FTX will restart its defunct crypto exchange, how the company will estimate the value of some digital tokens and how much creditors can expect to get back.

Next year, the plan will be sent to creditors for a vote — likely with key details added — before it goes to ...