FTX Debtors to Return 90% of Distributable Value to Customers

In a filing on Monday, October 16, FTX Debtors announced the settlement of customer property disputes as part of its pending Chapter 11 cases. The customer shortfall settlement will be part of the Amended Plan of Reorganization, that FTX plans to file by December 2023. Subject to approval by the Bankruptcy Court, the proposed amended

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