📢 **Exciting News from FTX: Plan of Reorganization Approved!**

- Nearly two years after its historic collapse, FTX has finally reached a major milestone! The U.S. Bankruptcy Court in Delaware has approved their plan of reorganization. 🎉

- The plan is supported by a majority of creditors and will return an average of 119% of the value of their claims, with some creditors receiving up to 140% in cash. Wow, who doesn’t want a big profit?

- FTX estimates a total recovery of between $14.7 billion and $16.5 billion, thanks to the assets they have managed to raise from various entities, including the U.S. Department of Justice and international regulators.

- FTX CEO John J. Ray III praised the hard work of his team in raising billions of dollars and collaborating with governments around the world.

- Creditors in over 200 jurisdictions around the world will receive their payments within 60 days of the plan going into effect.

- Don’t forget to leave your comments below! What do you think about this latest development? 💬

#FTX#CryptoNews#Reorganization#GoodNews