🔥 FTX to Pay $16 Billion to Creditors! $BTC

The court has approved FTX's bankruptcy plan, which will see 98% of creditors receive about 119% of their claims in cash within 60 days. The court noted a lack of assets for cryptocurrency payments, and the value of the FTT token has been reset to zero. Available assets for distribution range from $14.7 billion to $16.5 billion. Claimants with small claims of less than $50,000 will be able to start receiving payments by the end of 2024. Those above that amount will be able to receive payments in 2025.