FTX, a once-flourishing exchange that had succumbed to bankruptcy, has now revealed an ambitious plan to settle its debts. The plan not only promises full reimbursement to creditors but also offers substantial compensation, potentially reshaping the landscape of crypto exchanges’ financial responsibilities and accountability.
FTX’s journey from prominence to insolvency has been a tumultuous one, marked by regulatory hurdles, operational challenges, and ultimately, financial collapse.·
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