FTX Creditors Get Relief! $12.7 Billion Settlement Approved
Good news for FTX users! A US judge has greenlit a massive $12.7 billion settlement, requiring FTX and Alameda Research to repay creditors (see source: [link to Cointelegraph article]).
This is a significant step towards resolving the aftermath of FTX's collapse.
Additionally, recent on-chain activity shows:
Alameda deposited $351,000 worth of WLD tokens to Binance on August 8th.
FTX and Alameda currently hold a combined $630 million in various assets, including FTT, BIT, WLD, STG, and BOBA.
Stay tuned for further developments! This news could signal progress for FTX's creditor recovery process.