FTX Bankruptcy Plan Gets Green Light from Judge, Paving Way for Repayments
The court-approved FTX bankruptcy plan ensures $6.6 billion in repayments to creditors, despite some opposition on payout modalities. The approval closes a major chapter in FTX’s collapse, but uncertainty looms over the potential revival of the exchange. As repayments are based on lower bankruptcy filing prices, CNF previously reported that FTX creditors are discontent with…