FTX Creditors All Set To Vote On Payback Plan, Repayment Soon?

Quick Summary:

Court documents and a call to vote that surfaced online suggest that the creditors could soon receive back their lost funds.

While these shareholders stand to benefit, many FTX crypto holders are frustrated, as their recoveries are expected to be much lower.

The $230 million-capped fund will compensate FTX’s preferred shareholders – investors who held equity in the company before its collapse.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesChina

Topics: Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 14:49:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22772668

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 7 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #112

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