The Daily HODL (nprofile…rnrs)
✍️ FTX CEO John Jay Ray III announces that the company will begin distributing bankruptcy payments to creditors and customers in early 2025.
👉 FTX will begin distributing bankruptcy payments to creditors and customers in early 2025
👉 The company is nearing the completion of its Chapter 11 Plan of Reorganization
👉 Payouts will be distributed within 60 days after the plan takes effect
👉 FTX aims to finalize the arrangement with specialized distribution agents by early December
#JohnJayRayIII #technology
quotingThe Daily HODL (nprofile…rnrs)
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The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company’s court-approved Chapter 11 Plan of Reorganization will be effective by early January 2025. “We […] The post Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO appeared first on The Daily Hodl.
https://dailyhodl.com/2024/11/22/bankrupt-crypto-exchange-ftx-set-to-begin-paying-creditors-and-customers-in-early-2025-says-ceo/