FTX Victims Can Finally Recover Their Money
May 8, 2024
After 17 months since filing for bankruptcy, the FTX crypto broker has submitted another reorganization plan to the United States Bankruptcy Court for the District of Delaware. It is predicted that the total value of the collected, liquidated, and distributable assets will be between $14.5 billion and $16.3 billion. If approved by the bankruptcy court, 98% of FTX’s creditors will receive approximately 118% of their approved claims within 60 days of the plan’s implementation.
