FTX's revised bankruptcy plan has sparked significant controversy among creditors. The plan proposes to allocate between 10-25% of the remaining assets to crypto holders, while setting aside $230 million for shareholders. This distribution has raised concerns about the fairness and transparency of the process, particularly among those who have suffered substantial losses.

The market sentiment remains pessimistic as stakeholders question the prioritization of shareholders over crypto holders. This development highlights ongoing issues within the crypto industry, including regulatory scrutiny and the need for more robust financial safeguards.