FTX's repayment plan has caused extreme dissatisfaction among creditors. Large creditors may not receive compensation until the second half of next year
The restructuring team of bankrupt cryptocurrency exchange FTX has recently proposed a repayment plan, which has been approved by an overwhelming vote of creditors. The court confirmation hearing of the repayment plan will be held on the 7th. All creditors will pay close attention to this hearing. If the plan is approved by the court, most creditors are expected to start receiving compensation before the end of 2024.
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