FTX is back in the spotlight, but this time with a positive twist! đ The crypto exchange has launched its reorganization plan, marking a significant step forward since its collapse in November 2022. Creditors are gearing up for repayments, expected to start within 60 days.
Interestingly, repayments are based on 2022 crypto prices, which has sparked mixed reactions. But with a $6.5 billion reserve fund for disputed claims and multiple payout options, FTX is setting a new standard for efficiency.
While challenges remain, this swift action could restore trust and signal a brighter future for the crypto world. đ