FTX to pay out at least 118% of recognized claims to 98% of its creditors
cryptobriefing.com/ftx-creditor-repayment-plan
FTX Trading, commonly known as FTX.com, and its affiliated debtors have announced a major development in their bankruptcy proceedings. According to the newly filed Plan of Reorganization, 98% of FTX creditors are expected to receive at least 118% of their allowed claims in cash within 60 days of the plan’s effectiveness.
The remaining creditors are set to receive 100% of…
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