FTX (FTT) Creditors Set for Full Compensation: A Major Win in Crypto Market

• FTX, a cryptocurrency exchange, has reached a significant settlement with its creditors following bankruptcy.
• The settlement ensures full compensation for FTX creditors, with at least 118% of their validated claims in cash.
• This development occurs amid ongoing market turbulence, particularly with Bitcoin’s unpredictable price movements.

FTX, a major cryptocurrency exchange, reaches a significant settlement with creditors following bankruptcy, promising full compensation amidst ongoing market turbulence.

Background of FTX’s Downfall

The downfall of FTX in November 2022 marked a major upheaval in the cryptocurrency sector. This event followed the collapse of the Terra ecosystem and the controversies surrounding its founder, Do Kwon. FTX’s crisis exacerbated when allegations of severe financ... Read the full article for FREE at COINOTAG!