On Monday, a U.S. court gave the green light to FTX’s bankruptcy plan, ensuring that most of the crypto exchange’s clients will receive more than their losses from 2022.
The approved plan will provide customers with the equivalent of their losses from the previous year, as well as additional compensation.
FTX’s bankruptcy plan marks a significant step towards resolving the issues faced by the exchange and its users. This decision will bring some relief to those affected by the losses incurred in 2022.
Overall, the approval of FTX’s bankruptcy plan by the U.S. court represents a positive development for the crypto industry, demonstrating the legal system’s support for the resolution of financial challenges within the sector.
