FTX Bankruptcy Distribution Around The Corner? Token Sees A Spike of 70%

When FTX filed for bankruptcy protection in November 2022, and CEO Sam Bankman Fried resigned, John Ray III, a bankruptcy litigator, took over to fix the clutter.  The exchange filed its Chapter 11 Plan of Reorganization and a disclosure statement on May 7, 2024, revealing that it owed about $11.2 billion to its customers.  FTX … source: https://coinpedia.org/news/ftx-bankruptcy-distribution-around-the-corner-token-sees-a-spike-of-70/