FTX Settlement Agreement

December 20th, 2023
FTX Debtors and FTX Digital Markets reached a landmark settlement with Joint Official Liquidators, harmonizing asset distribution for FTX.com customers. This agreement, pending court approval, allows customers to choose between Chapter 11 cases or liquidation proceedings for claim reconciliation. FTX Digital Markets leads in asset monetization, with CEO John Ray III commending this collaborative effort. Following the announcement, FTX's token, FTT, saw a 13% rise to $3.7700.
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