A U.S. judge approved FTX’s bankruptcy plan, marking the end of a lengthy legal saga two years after the exchange’s collapse.
About 94% of creditors voted in favor, meaning most will receive 118% of their claims in cash—no crypto payouts allowed.
The judge reaffirmed that FTT tokens are worthless, and the estate couldn’t pay out in crypto because they lacked the necessary assets.
FTX 2.0 was floated, but ultimately scrapped due to lack of investor interest.
