US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse
Judge John Dorsey in the U.S. Bankruptcy Court for the District of Delaware decided to approve the plan during a hearing on Monday in a move to start distributing funds to creditors. Under that plan, 98% of creditors will receive at least 118% of their claim value in cash.
After the news, the FTT price increased by ~50% and then decreased again. It is now trading at $2.43.
