FTX says creditors supported reorganization plan with a 95% vote
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors. Go to Source
Crypto Bankruptcy
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FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now Worth … Read more
MicroStrategy’s Bitcoin stash is back in profit with BTC price above $30K
The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet. Go to Source
