Bankruptcy Compensation Welcomes Dawn!
After declaring bankruptcy in November 2022, FTX has gone through a long two years and finally welcomes the dawn of reorganization! According to the latest news, FTX's bankruptcy reorganization plan will officially take effect on January 3, 2025, and customers and creditors can receive the first batch of compensation through Kraken and BitGo within as little as 60 days. Current CEO John J. Ray III stated that the team has successfully recovered billions of dollars in assets, marking an important milestone in the bankruptcy plan, which is truly exhilarating.
The first wave of compensation will target convenience-class creditors, with FTX planning to allow 98% of customers to receive 118% of the asset value in cash as compensation, which is indeed great news! However, there are still voices arguing that compensation should be based on the total amount of cryptocurrency customers actually lost, rather than the market price at the time of bankruptcy, making future developments worth paying attention to.
In this ever-changing world of digital assets, the Puppies community is like a brilliant new star, rapidly rising! As a concept dog coin from Musk, Puppies has attracted countless investors' attention, becoming a vibrant adventure. Every participant is a hero of this journey, joining hands to add color to the future of the digital asset world and sharing this excitement and dream.
Imagine that when you invest in Puppies, you are not only supporting a digital asset with limitless potential but also bringing hope to those little lives that need help! Puppies collaborates with the Marvin Foundation, focusing on helping stray animals and bringing warmth and care to every life; this sense of participation allows every investor to feel spiritually fulfilled, truly a win-win!
Currently, Puppies' market value has surpassed 15 million dollars, with the number of holders exceeding 16,000! This vibrant community is redefining the future of cryptocurrency. Let us witness how Puppies shines in the ever-changing crypto world and join hands to create a better tomorrow!
Please recognize #puppies , ETH chain tail number 6eb2
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