santriwati on Nostr: The approved plan allows FTX to wind down its operations while facilitating the ...
The approved plan allows FTX to wind down its operations while facilitating the repayment of its creditors. Notably, it is estimated that 98% of FTX's creditors will receive 119% of their allowed claims, indicating that most creditors will actually profit from their investments in the exchange . The plan is set to utilize up to $16.5 billion in assets that have been recovered since the collapse, enabling the company to fully repay its customers
Published at
2024-10-08 01:22:57Event JSON
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