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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.
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.
FTX to fully repay customers after judge clears plan
Not yet determined if - and how much - shareholders like Singapore's Temasek, will get back. Read more at straitstimes.com.
DMR News (English) on MSN
19h
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 ...
CCN on MSN
1d
FTX Reorganization Plan Approved: Here’s When Creditors Will Be Paid
The Delaware bankruptcy court has approved FTX’s reorganization plan. 98% of creditors will receive at least 118% of their ...
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 ...
coinspeaker
20h
FTX Creditors to Gain 119% Return amid $14 Billion Payout
FTX creditors set to receive 119% returns from $14 billion payout, marking a historic recovery after the cryptocurrency ...
bankingdive
15h
FTX funds will be distributed soon
Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking bankruptcy, according to a plan approved by a judge Monday.
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