FTX’s $228M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer

“We’re happy to be ready to suggest a chapter 11 plan that contemplates the return of 100% of chapter declare quantities plus curiosity for non-governmental collectors,” the bankrupt FTX’s liquidation CEO John Ray stated in a press release when the ultimate plan, which was primarily based on a restoration of as a lot as $16.3 billion in belongings, was introduced in Might. “I wish to thank all the purchasers and collectors of FTX for his or her persistence all through this course of.”