Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
Source
Related posts
-
Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO
The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments... -
Bitcoin Cash eyes 18% rally
Bitcoin Cash (BCH) added nearly 35% to its value in the past month and rallied 12%... -
FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors
The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the...