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FTX creditors will make money on bankruptcy
A Delaware bankruptcy judge approved FTX's reorganization plan almost two years after the crypto exchange spiraled into bankruptcy.
Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Ray, who also shepherded Enron through bankruptcy, added that the estate is working to finalize arrangements to make distributions to creditors around the world. The bankruptcy estate says it will make a separate announcement about the date the payout plan will go into effect and when it anticipates the start of distributions.
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