FTX To Distribute $16 Billion To Creditors, Another Mt. Gox-Like Selloff Ahead?

FTX Derivatives Exchange is reportedly on track to distribute $16 billion in assets to its affected creditors. The bankrupt firm recently amended its reorganization plan, offering the possibility of total repayment. These refunds might include the amounts of the bankruptcy claims and interest to the non-governmental creditors. The total property value collected and distributed to […] source: https://www.thecoinrepublic.com/2024/09/04/ftx-to-distribute-16-billion-to-creditors-another-mt-gox-like-selloff-ahead/