FTX plans to return up to 90% of creditors’ funds amid ongoing legal battle
The bankrupt cryptocurrency exchange FTX has devised a plan to return up to 90% of creditor funds. The strategy was proposed as the trial of founder Sam Bankman-Fried progresses. The group of debtors supervising the bankruptcy proceedings aims to formally submit the proposal to a U.S. Bankruptcy Court by December 16, 2023. FTX sank last […]