After a prolonged two-year wait, the creditors of FTX Derivatives Exchange have received good news. Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware has given the green light to the company's reorganization plan, making way for bankruptcy payouts to commence.
This decision marks a significant milestone in FTX's bankruptcy case, providing much-anticipated relief to creditors. The legal proceedings have been ongoing, but with this approval, FTX can now move forward with implementing its payout plans.
The judgment reflects the culmination of extensive negotiations and strategy, illustrating the complex nature of the bankruptcy process. As FTX prepares to execute the judge-approved plan, creditors may finally anticipate receiving their due payments.
Source: www.thecoinrepublic.com ↗
