Bankruptcy judge approves FTX’s reorganization plan
A U.S. Bankruptcy Judge approved FTX's reorganization plan, allowing for the liquidation and partial repayment of crypto holdings to creditors. This is all occurring about two years after FTX's initial collapse and legal battles. Since the plan was approved, some creditors are unhappy as they will receive about 10-25% of the current value of their crypto holdings at the time of FTX's bankruptcy (based on crypto denomination).