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FTX $16 Billion Reorganization Plan: Will Creditors Finally Get Their Due?

FTX $16 Billion Reorganization Plan: Will Creditors Finally Get Their Due?


coinpedia
2024-08-22 02:30:36

The post FTX $16 Billion Reorganization Plan: Will Creditors Finally Get Their Due? appeared first on Coinpedia Fintech News Good news for FTX creditors! FTX’s reorganization plan is on the brink of approval after securing substantial backing from its creditors. With 95% of creditors in favor, representing 99% of the claim value, the plan aims to distribute between $14.5 billion and $16.3 billion in recovered assets. This significant support demonstrates a general agreement among …


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