U.S. Judge Approves FTX Bankruptcy Reorganization Plan, Creditors Are About to Be Compensated
According to Golden Finance, a U.S. bankruptcy judge has officially approved FTX's bankruptcy reorganization plan, marking the beginning of the compensation process two years after the exchange's collapse. Approximately 94% of creditors support the plan. Although some creditors expressed dissatisfaction over not being compensated at the original value of the cryptocurrency, the court still decided to settle in cash. The judge also ruled that FTX's native token FTT is valued at zero.
