FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution 💼
FTX, the collapsed cryptocurrency exchange, is set to distribute over $5 billion to its creditors. This move marks a significant step in the bankruptcy proceedings as the estate gears up for asset distribution.
The plan aims to address the extensive liabilities that arose due to its sudden downfall, hoping to mitigate the losses faced by various stakeholders involved.
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