FTX Bankruptcy Plan Approved! Cash Refund on the Way!
It appears that the saga surrounding FTX is finally coming to an end with the approval of the bankruptcy plan. The fact that 94% of creditors voted in favor and will receive 118% of their claims in cash is good news for many who were affected by the platform’s collapse. The rejection of FTT tokens as worthless also highlights the difficulties the exchange has faced in maintaining its crypto-based model.
Interestingly, the idea of FTX 2.0 was considered, but with no investors interested, it was scrapped. Do you think this conclusion will affect the sentiment of the crypto market as a whole?
Stay tuned for the full analysis to be published later today.
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