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The Daily Hodl 2024-10-09 16:55:20

US Court Approves FTX Bankruptcy Plan To Distribute up to $16,500,000,000 Worth of Payouts to Former Customers

A US bankruptcy court has greenlit FTX’s plan to distribute between $14.7 billion and $16.5 billion worth of payouts to the crypto exchange’s former customers. The plan calls for 98% of the exchange’s creditors to receive approximately 119% of the value of their holdings on the day FTX filed for bankruptcy in November 2022, per The post US Court Approves FTX Bankruptcy Plan To Distribute up to $16,500,000,000 Worth of Payouts to Former Customers appeared first on The Daily Hodl .

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