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
Zcash Rockets Past Key Resistance Point, Ignites Market Interest
In Brief Zcash surpassed a key resistance level, capturing market attention. The price reached 45.80 dollars, the highest since January's end. Experts warn that relying solely on technical data isn't sufficient for analysis.
Institutional Investment Surges in Bitcoin, Ethereum ETFs
Lido’s Swift Action Averts Major Ethereum Staking Loss
Nakamoto Raises $710M, Merges with KindlyMD to Boost Bitcoin Holdings
Trending news
MoreCrypto prices
More
