🚀 #FTX updates repayment schedule for creditors & former customers, expected to be completed in January 2025, with payments starting in March 2025.
- FTX will collaborate with distribution agents starting in December to handle the repayment process.
- Interim CEO John J. Ray III is committed to maximizing recovery and ensuring the fastest possible repayments.
💼 Although the reorganization plan has been approved, not all creditors are satisfied. FTX has filed lawsuits to recover additional assets.
- Lawsuits targeting exchanges such as KuCoin, Crypto.com, and Binance to recover millions of USD.
- BTC is currently worth much more than at the time of filing, raising controversies over the repayment amounts.
🌟 What do you think about the future of BTC and the crypto market? Share your thoughts below! 👇