#FTX bankruptcy case latest developments📢

At 10:00 EST on October 7 (22:00 BJT), the Delaware Bankruptcy Court will hold a confirmation hearing to review FTX's Chapter 11 reorganization plan. If confirmed, FTX will pay more than 98% of its customers and unsecured creditors "in full with interest" based on the US dollar price of crypto assets on November 11, 2022.

The compensation may be executed after three comprehensive hearings, which will be carried out on October 22, November 20, and December 12.

Please note that the rumors on social media that "FTX will start paying compensation next week" are false. What do you think of this reorganization plan? Welcome to discuss in the comments section! 💬