Regarding the results of the recent FTX hearing and future views:
First point: FTX is unlikely to restart. The hearing approved not a "restructuring plan" but a distribution plan for creditor compensation.
Second point: The FTX debtor team reiterated at the hearing that the value of FTT is 0 and is classified as equity that cannot be realized. I have emphasized this many times before, but it does not affect its value hyped by the media.
If you still want to get a larger increase in FTT, buy at a low price and then wait patiently for the hype 1-2 weeks before the formal distribution of subsequent claims.
Third point: Although the court has approved the plan, it has not yet officially taken effect. It is necessary to wait for the judge to issue a plan confirmation order and take effect within 90 days.
After waiting for the plan to take effect, FTX debtors will start the first round of distribution to Class 7A creditors within 60 days, so the first round of distribution to Class 7A creditors is unlikely to be carried out at the end of this year.
