The restructuring plan aims to crystallize crypto liabilities into a USD value as at 18 Jul 24, of which each creditor will have a share of such liabilities pro-rata to the value of their claims.
The remaining crypto assets will be rebalanced to ensure token denomination alignment against the liabilities, and creditors will be given the opportunity to choose which tokens to have market exposure to.
These remaining crypto assets will be distributed in tokens, which means any pricing movements will be borne by creditors when they receive these token distributions.
Any improvements to recoveries from recovered stolen assets, profit sharing and collaborations / rescue financing will similarly be rebalanced and distributed in tokens.
All of the above mean that creditors will be able to share in any upside from increases in token price of underlying token assets that are distributed.