| Time | Details |
|---|---|
| 2024-10-07 19:14 |
FTX Bankruptcy Plan Confirmed with High Recovery Rates
According to Thomas Braziel, the bankruptcy plan for FTX has been confirmed with all objections overruled. Creditors are expected to receive a recovery in the range of 120-150% in dollarized terms. The primary remaining issue is related to the language used in the confirmation order. (Source) |
| 2024-10-07 20:43 |
FTX Bankruptcy Plan Approval Boosts Market Liquidity
According to CryptoMichNL, the approval of the FTX Bankruptcy Plan will lead to the distribution of billions of dollars to creditors. Although it remains uncertain how much of this capital will be used to purchase Bitcoin or Altcoins, it is expected that a significant portion will return to the market, enhancing liquidity. (Source) |