US Court Approves FTX Bankruptcy Plan To Distribute up to $16,500,000,000 Worth of Payouts to Former Customers

A US bankruptcy court has greenlit FTX’s plan to distribute between $14.7 billion and $16.5 billion worth of payouts to the crypto exchange’s former customers. The plan calls for 98% of the exchange’s creditors to receive approximately 119% of the value of their holdings on the day FTX filed for bankruptcy in November 2022, per […] source: https://dailyhodl.com/2024/10/09/us-court-approves-ftx-bankruptcy-plan-to-distribute-up-to-16500000000-worth-of-payouts-to-former-customers/