US Judge Approves FTX Bankruptcy Reorganization Plan, Creditors Set to be Compensated

According to Golden Finance, a US bankruptcy judge has officially approved FTX's bankruptcy reorganization plan, marking the beginning of the compensation process two years after the exchange's collapse. Approximately 94% of creditors support the plan. Although some creditors expressed dissatisfaction with the failure to compensate at the original value in cryptocurrency, the court decided to settle in cash. The judge also ruled that FTX's native token FTT is valued at zero.

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