US Court Approves FTX Reorganization Plan! 🎉 Almost two years after the November 2022 collapse, FTX creditors can expect to get back up to 140% of their claims. Payments are expected to begin within 60 days.

FTX plans to return between $14.7 billion and $16.5 billion thanks to assets recovered from various sources. This was made possible by the well-coordinated work of the team and cooperation with international regulators.

👨‍⚖️ John J. Ray III, current CEO of FTX, noted that this is the largest and most complex asset distribution in history. Specialized agents will ensure safe and timely payments in more than 200 jurisdictions around the world.