FTT's price surged 36% as FTX announced its reorganization plan, scheduled for January 2025. The plan has sparked increased trading activity and a rise in dormant circulation. Positive market sentiment could push FTT past its yearly high, but dormant tokens moving may apply downward pressure.
A bankruptcy judge has approved FTX's reorganization plan, marking progress in reimbursing users of the collapsed crypto exchange.
Over 94% of FTX.com creditors voted in favor of the reorganization plan, promising to return 118% of their claims in cash.
Creditors overwhelmingly support FTX's reorganization plan with 95% approval rate.
FTX's reorganization plan receives approval from 95% of creditors, marking a key milestone in its bankruptcy process.
