After a short-term rise to $2.3, FTT slightly fell back, with a 24-hour increase of 32.82%

Bitget market data shows that FTT briefly rose to $2.3 before slightly falling back, with a 24-hour increase of 32.82%, currently reported at $2.13. Previous reports stated that FTX and its associated debtors have submitted a restructuring plan and disclosure statement to the U.S Bankruptcy Court in Delaware. The plan is expected to distribute almost all assets of FTX at the time of bankruptcy in November 2022 to global customers and other creditors. FTX estimates that the total value of collected assets converted into cash available for distribution will be between $14.5 billion and $16.3 billion.