FTX Restructuring Plan Approved

- The U.S. Bankruptcy Court for the District of Delaware has formally approved FTX’s restructuring plan. 🎉

- The plan calls for 98% of creditors to receive their payments within 60 days, with some creditors receiving up to 140% repayment.

- FTX expects to recover between $14.7 billion and $16.5 billion in total.

- CEO John J. Ray III credited this success to global collaboration and professional teamwork. 🌐