The U.S. Bankruptcy Court has given the green light to FTX's long-awaited bankruptcy plan, marking a notable milestone in the case following the exchange's downfall amid fraud allegations. This approval could provide some hope to FTX creditors looking to reclaim lost funds.
Despite the positive step towards addressing creditor claims, the cryptocurrency community remains apprehensive about the future valuation of the FTT token. Concerns linger about the token's stability and potential impact on creditors' recovery.
