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FTX Says Full Recovery Coming Based On 2022 Crypto Price

By Yun Park (May 8, 2024, 7:47 PM EDT) -- Bankrupt cryptocurrency exchange FTX Trading Ltd. has claimed its proposed Chapter 11 plan would be able to pay creditors in full with a $13 billion distribution that exceeds the estimated allowable $11.2 billion in claims, but the payout is based on the value of cryptocurrency in November 2022, when the exchange filed for bankruptcy protection. ...

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