đ Fresh FTX and BTC News! đ
- FTX is rumored to begin repaying its creditors on September 30, 2024, but this is false. Approval of the plan is still pending.
- The next hearing will be on October 7, 2024, overseen by Judge John T. Dorsey. If approved, junior creditors could receive payments by the end of 2024.
- Creditors led by Sunil Kavuri oppose the plan, preferring in-kind assets rather than cash.
- Markus Thielen of 10x Research believes FTX's payments could be a bullish catalyst for the market.
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