🚨 Breaking News in Crypto! 🚨
A U.S. court has approved FTX's bankruptcy plan, ensuring most customers will get back their 2022 losses, and then some! 🎉
- **Repayments**: Customers can expect cash repayments averaging 118% of their holdings when FTX filed for bankruptcy in Nov 2022.
- **FTT Token Drama**: Despite being valued at zero, FTT token price surged 55% post-approval.
- **Objections Overruled**: Judge Dorsey dismissed objections about cash repayments and FTT token valuation.
- **Stablecoin Option**: Discussions are ongoing for potential stablecoin distributions.
What are your thoughts on the court's decision? Drop your comments below! 💬