joeykrug@joeykrug·Apr 01

According to a record of a meeting held by the official liquidator of FTX Digital, the common goal of the liquidator and the 11th debtors of the liquidator and the debtor of Chapter 11 were to allocate the first funds to the creditors by the end of 2024. FTX's bankruptcy is composed of two parallel independence processes: the bankruptcy protection of the U.S. Tellawa Court and the official liquidation process of FTX Digital, the reason is that the FTX accounting is "mixed together". However, the two parties of the bankruptcy property have agreed to work together, so that the creditors can make claims to any entity and ensure that the compensation obtained by any creditor is not lower than the value they deserve.

In terms of personal concerns, it is good or bad for the development of the entire industry. Everything leaves time to prove it

Post by @joeykrug