FTX: $230 million paid to shareholders, anger of ex-users 😡
Usually, in a bankruptcy, creditors and users are given priority. This choice, revealed only on September 27, left creditors disappointed and frustrated, highlighting a lack of transparency.
#FTXmanagers justify this action to avoid prolonged legal proceedings. A new hearing, where $5.5 billion 💰 are at stake, is scheduled for October 7.