FTX liquidation plan approved: users will receive 119% of the claim! 🤑 - Judge Dorsy has approved FTX's plan to cease operations and repay users. - Good news: Users will receive 98% of their account value, plus a 19% bonus! - Timeline: This is two years after FTX filed for bankruptcy in November 2022. - FTX CEO John J. Ray III called it a "significant milestone" and promised the largest asset distribution in bankruptcy history.
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FTX liquidation plan approved: users will receive 119% of the claim! 🤑 - Judge Dorsy has approved FTX's plan to cease operations and repay users. - Good news: Users will receive 98% of their account value, plus a 19% bonus! - Timeline: This is two years after FTX filed for bankruptcy in November 2022. - FTX CEO John J. Ray III called it a "significant milestone" and promised the largest asset distribution in bankruptcy history.