The salvation plan of the bankrupt cryptocurrency exchange FTX has been announced. According to the information obtained, the stock exchange will pay billions of dollars of debt to investors. However, there are big unknowns on this subject.
Cryptocurrency community -most from big scams There was a new development regarding the FTX exchange, which signed one of them. Bloomberg, of the bankrupt stock market He provided remarkable information about how he plans to get out of this business.
According to information obtained, FTX, which has already filed for bankruptcy, to end bankruptcy decided. So how will he do this? Predictably, by returning investors’ money. It is not known exactly what will happen at the moment, but FTX is a billion-dollar to pay in cash Looks like he’ll accept it.
The most important issues regarding FTX remain unclear.
FTX’s plans are huge for now to the unknown is hosting. For example, it is not known whether the stock exchange will operate again. Also how to value some crypto assets not sure. Issues such as how much of the money FTX victims will receive remain unclear.
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According to the information obtained, the judge overseeing the FTX case, John Dorsey, approved FTX’s agreement plan. can confirm. If such a thing happens, the stock exchange will refund investors’ money. However, there is an important point here. FTX’s assets are also generally crypto. If payments are made in cash, this cryptos will need to be sold. We will all see how this will affect the market.
Source :
https://www.bloomberg.com/news/articles/2023-12-18/ftx-files-plan-to-end-bankruptcy-pay-crypto-creditors-billions?utm_source=website&utm_medium=share&utm_campaign=copy