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FTX cleared to repay billions to customers
FTX cleared to repay billions to customers after bankruptcy plan approval
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange collapsed.
US Bankruptcy Court Approves FTX Reorganization Plan, What’s Next?
This move marks a significant milestone for the FTX exchange, and it will see 98% of its creditors get 118% of their claim amounts.
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Brian Glueckstein, an attorney for the FTX estate and a partner at Sullivan & Cromwell, argued Monday that the correct valuation of the FTT tokens held by creditors was, in fact, zero, and there was “no basis” for a revision to this decision.
1d
Judge OKs FTX Estate's Bankruptcy Plan – What's Next?
FTX is now clear to begin implementing its bankruptcy plan, which includes the expected full repayment of customers and ...
Cryptopolitan on MSN
2h
FTX repayments to creditors could be a liquidity catalyst for the crypto market
U.S. bankruptcy judge John Dorsey gave FTX the green light to repay 98% of its customers using $16.5 billion in assets ...
DMR News (English) on MSN
1d
Bankruptcy Judge Greenlights FTX’s Liquidation Plan
In a significant development for users of the defunct cryptocurrency exchange FTX, United States Bankruptcy Judge John Dorsey ...
NBC DFW
2d
FTX bankruptcy judge approves more than $14 billion payback plan two years after exchange collapsed
A Delaware
bankruptcy
judge approved
FTX
's reorganization
plan
almost two years after the crypto exchange spiraled into ...
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