Bankrupt crypto exchange FTX Trading Ltd. has filed a Draft Plan of Reorganization and a Term Sheet, fueling rumors of a possible relaunch. The plan divides claimants into categories, with international "dotcom" users given the option to pool their assets and create a "rebooted" offshore FTX exchange. These customers could receive a stake in the new platform instead of a cash payout. FTX administrators will use "the waterfall approach" to determine the priority of claims, with each class receiving a pro-rata payout from the pool of remaining assets after the preceding class is paid. In response to the news, the FTX token surged by 15% to $1.55, before pulling back to $1.4. However, the plan states that FTT holders will not receive compensation for their losses, as their claims will be canceled and extinguished.