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FTX Begins Creditors’ Repayments After Two Years of Bankruptcy TheNewsCrypto 2 days ago

FTX Begins Creditors’ Repayments After Two Years of Bankruptcy 💸

FTX

After two years of waiting, FTX, the cryptocurrency exchange that fell apart in November 2022, is now repaying its customers. As of January 3, 2025, FTX's Chapter 11 Plan of Reorganization, which was approved by the court, is being implemented.

This plan represents a significant advancement in FTX's ongoing efforts to settle claims from its creditors. It marks a crucial milestone in the company's journey post-bankruptcy as they work towards resolving outstanding issues with creditors.

Source: thenewscrypto.com ↗