⚖️ FTX IS FINALLY REACHING THE ENDGAME 💀
FTX’s bankruptcy case is now almost down to just one notable dispute: Daizhuo Chen’s request to reopen the missed filing verification deadline.
The hearing is expected to take place on 19/8.
Meanwhile:
→ $2.2B was distributed on 31/3
→ $900M was distributed on 31/7
→ The FTX Recovery Trust wants to reduce the dispute reserve from $2.4B to $1.8B
Sam Bankman-Fried is not participating in this hearing, and his 25-year prison sentence remains unchanged.
I think the most notable thing now isn’t FTX drama anymore—it’s that one of crypto’s biggest collapses is finally moving into the phase of recovering and distributing assets to creditors.
From “Where are the funds?” to “When do I get my distribution?”—that’s definitely a long crypto lifecycle. 💀
Do you think the FTX saga is about to end for real, or are there still plot twists?
#BrainrotCrypto #FTX
FTX’s bankruptcy case is now almost down to just one notable dispute: Daizhuo Chen’s request to reopen the missed filing verification deadline.
The hearing is expected to take place on 19/8.
Meanwhile:
→ $2.2B was distributed on 31/3
→ $900M was distributed on 31/7
→ The FTX Recovery Trust wants to reduce the dispute reserve from $2.4B to $1.8B
Sam Bankman-Fried is not participating in this hearing, and his 25-year prison sentence remains unchanged.
I think the most notable thing now isn’t FTX drama anymore—it’s that one of crypto’s biggest collapses is finally moving into the phase of recovering and distributing assets to creditors.
From “Where are the funds?” to “When do I get my distribution?”—that’s definitely a long crypto lifecycle. 💀
Do you think the FTX saga is about to end for real, or are there still plot twists?
#BrainrotCrypto #FTX