“We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” the bankrupt FTX’s liquidation CEO John Ray said in a statement when the final plan, which was based on a recovery of as much as $16.3 billion in assets, was announced in May. “I want to thank all the customers and creditors of FTX for their patience throughout this process.”
Related posts
-
Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs
Este artículo también está disponible en español. The Terra Classic community is preparing for a supply... -
Liquidation Cascade Ahead? ‘High-Risk’ Crypto Loans Surge to a Two-Year High of $55M
Thus, the surge in these risky loans is noteworthy as it can lead to a liquidation... -
Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments
Tennessee has secured a multi-million dollar settlement with GS...