Crypto

FTX’s $228M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer

FTX, a bankrupt company, has announced a chapter 11 plan that promises to return 100% of bankruptcy claim amounts plus interest to non-governmental creditors. The plan, which is based on a potential recovery of up to $16.3 billion in assets, was revealed in May by FTX’s liquidation CEO John Ray.

“We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” said John Ray in a statement. “I want to thank all the customers and creditors of FTX for their patience throughout this process.”

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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