FTX’s Proposed Settlement Could Pay Creditors 90% of FTX’s Remaining Assets Following Bankruptcy Proceedings
According to CoinDesk, FTX is proposing a settlement agreement to pay 90% of the remaining assets after the FTX bankruptcy proceedings to creditors. Lawyers representing some creditors are now working to secure enough investor support to implement this agreement.
This 90% allocation represents a portion of the remaining funds after the bankruptcy proceedings end, not 90% of the funds originally invested in FTX.com. Therefore, the amount of funds to be returned to FTX users is still uncertain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Writers protest in London against Meta over AI trained using copyrighted work
Share link:In this post: Artists and writers protested against Meta at its London office for copyright infringement. The writers are angry at the social media firm for using their work to train its AI models without their permission. Meta however defended its position arguing it “respects third party intellectual property.”
Trump Family Crypto Pivot – Eric Trump Embraces Crypto & Trump's Empire Expands
Pornhub adds Bitcoin and Litecoin payments for Premium Subscription
S&P 500 and Nasdaq go deeper into correction as Russell 2000 enters bear market
Trending news
MoreCrypto prices
More








