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this territory is moderated
For those wondering about the term...
Under the terms of the Plan, 98% of the creditors of FTX by number will receive approximately 119% of the amount of their allowed claims within 60 days after the effective date of the Plan, subject to know-your-customer and other distribution requirements. FTX projects that the total value of property collected, converted to cash and available for distribution will be between $14.7 billion and $16.5 billion.
Its a catch 22 in my opinion because they are giving back the value in $ not crypto. Granted given the collapse and the size of it I think I would be pretty happy to get anything back esp. when it is this much.
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