FTX’S BANKRUPTCY PLAN APPROVED: $16 BILLION IN REFUND ON THE WAY‼️
FTX’s bankruptcy plan has been approved by a Delaware judge, allowing for $16.5 billion in customer refunds. The plan is based on the recovery of assets from the failed crypto exchange, with over 98% of customers expected to receive their full deposits back. However, some customers feel that the refunds are insufficient due to the increase in market value. FTX aims to regain customer trust during this complex process.
🔥🔥🔥FTX’s repayment plan is considered a significant step for both customers and the company‼️
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References
1. “FTX Bankruptcy Plan Approved: Billions to Repay Customers.” World Litigation Forum.
2. “FTX’S BANKRUPTCY PLAN APPROVED: $16 BILLION REFUND ON THE WAY.”.