[Crypto News] FTX, a big player in the blockchain industry, recently submitted a reorganization plan to the U.S. Bankruptcy Court in Delaware. This news has caused a stir! It is reported that FTX plans to distribute almost all of its assets at the time of bankruptcy in November 2022 to customers and other creditors around the world. This "gift package" is expected to be worth between $14.5 billion and $16.3 billion, which is really a lot of money! 😉

This amount includes assets controlled by the joint official liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and the joint official liquidators of FTX Australia. If the plan is approved by the bankruptcy court, 98% of FTX creditors will receive approximately 118% of their allowed claims within 60 days of the plan taking effect. The remaining creditors will receive all their claims, plus "plus billions of dollars in investment time value compensation."

This news is undoubtedly good news for FTX's creditors, but what does it mean for the market? Welcome everyone to share your views in the comment area, let us discuss the future direction of the blockchain industry together!