Content
@
0 reply
20 recasts
20 reactions
Bymbank
@luna2589
FTX received court approval for its payout plan today, and the good news is that U.S. Bankruptcy Court Judge John Dorsey approved the plan that will allow FTX to repay customers using $16 billion in assets recovered since its bankruptcy. FTX’s plan will pay customers at least 118% of the value in their accounts (in USD) as of November 2022 (when the company filed for bankruptcy). The agreements allow FTX to use its assets to repay crypto exchange customers first, before paying claims from government regulators.
0 reply
0 recast
0 reaction
