U.S. bankruptcy judge approves FTX's $14B reorganization plan, two years after its collapse.

A U.S. bankruptcy judge has approved FTX's reorganization plan, allowing the cryptocurrency exchange to proceed with a payback plan exceeding $14 billion. This decision comes two years after FTX's collapse, marking a significant step forward for the company amid its bankruptcy proceedings. The approval aims to facilitate the return of funds to affected investors and creditors.

October 07, 2024
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