FINTECH-CRYPTO/FTX-BANKRUPTCY (UPDATE 2, PIX):UPDATE 2-FTX cleared to repay billions to customers after bankruptcy plan approval

Live Mint

New Delhi

Delhi

India

FTX cleared to repay billions to customers after bankruptcy plan approval

The agreement will put an end to a saga that started when the firm went bankrupt in November 2022.

Ad Fontes Media

All Sides

Media Bias/Fact Check

BBC News

Government of the United Kingdom

United Kingdom

FTX: Customers of failed crypto firm set for refunds

A Delaware bankruptcy judge approved FTX's reorganization plan almost two years after the crypto exchange spiraled into bankruptcy.

CNBC

Roberts family

United States

FTX creditors will make money on bankruptcy: $1.19 for every dollar

Not yet determined if - and how much - shareholders like Singapore's Temasek, will get back. Read more at straitstimes.com.

The Straits Times

Singapore Press Holdings

Singapore

FTX customers will get back billions after judge clears bankruptcy plan

HT Media

The approved bankruptcy plan aims to deliver a full refund, plus interest, to former FTX customers — an outcome that is rare in bankruptcy cases. Usually, unsecured creditors only recover a small fraction of what they are owed

Firstpost News

Mukesh Ambani

Mumbai

Maharashtra

US judge okays FTX bankruptcy plan, former customers to get billions as refunds

The essential tech news of the moment. Technology's news site of record. Not for dummies.

Techmeme

California

US bankruptcy judge approves repaying FTX customers; in June, FTX had $12.6B, which could rise to $16.5B; FTX is in talks with the US over $1B in seized assets

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion (roughly Rs. 1,38,550 crore) in assets recovered since the once-leading crypto exchange collapsed. US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX's success made it "a model case for how to deal with a very complex Chapter 11 bankruptcy proceeding."…

NDTV Gadgets 360

Gautam Adani

FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval

A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.

Wired

Advance Publications

Ma Huateng

Naspers

FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan

A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.

Coin Desk

Manila

Metro Manila

Philippines

Delaware Judge Approves FTX Estate’s Bankruptcy Plan - WorldNL Magazine

A US bankruptcy court has officially approved crypto exchange FTX liquidation plan, paving the way for it to repay customers using $16 billion in recovered assets, according to Reuters, which reports that the ruling was made by Judge John Dorsey during a court hearing in Wilmington, Delaware, on Monday. Court Approves FTX Settlements The approved plan includes a series of settlements with FTX customers, creditors, US government agencies, and liq…

NewsBTC

FTX Bankruptcy Plan Approved: $16 Billion In Assets To Be Repaid, FTT Price Soars 20%

FTX cleared to repay billions to customers after bankruptcy plan approval

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