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Failed cryptocurrency exchange FTX will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties resulting from the fraudulent collapse of the platform in November 2022.
Judge John Dorsy's decision marks an important step forward in the two-year bankruptcy process, as the vote of creditors plays a key role in the restructuring work. While FTX's plan has received support from the main client committee, a candid group still opposes it and calls for substantial modifications.
FTX offers clients a 119% asset recovery
According to Bloomberg, under the pr
Judge John Dorsy's decision marks an important step forward in the two-year bankruptcy process, as the vote of creditors plays a key role in the restructuring work. While FTX's plan has received support from the main client committee, a candid group still opposes it and calls for substantial modifications.
FTX offers clients a 119% asset recovery
According to Bloomberg, under the pr
FTT8.88%
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