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Home Market Research Cryptocurrency

FTX’s $228M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer

by TheAdviserMagazine
11 months ago
in Cryptocurrency
Reading Time: 1 min read
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FTX’s 8M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer
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“We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” the bankrupt FTX’s liquidation CEO John Ray said in a statement when the final plan, which was based on a recovery of as much as $16.3 billion in assets, was announced in May. “I want to thank all the customers and creditors of FTX for their patience throughout this process.”



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