{"id":89580,"date":"2024-10-08T01:18:12","date_gmt":"2024-10-08T05:18:12","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89580"},"modified":"2024-10-08T01:03:28","modified_gmt":"2024-10-08T05:03:28","slug":"ftx-creditors-will-make-money-on-bankruptcy-1-19-for-every-dollar","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2024\/ftx-creditors-will-make-money-on-bankruptcy-1-19-for-every-dollar.html","title":{"rendered":"FTX creditors will make money on bankruptcy: $1.19 for every dollar"},"content":{"rendered":"\n<p>(CNBC) Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Nearly\u00a0<a href=\"https:\/\/www.cnbc.com\/2022\/11\/11\/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html\">two years after FTX spiraled into bankruptcy<\/a>, a Delaware judge approved the company\u2019s reorganization plan, which involves paying out more than $14 billion to customers.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/07\/ftx-bankruptcy-judge-approves-more-than-14-billion-payback-plan.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Nearly\u00a0two years after FTX spiraled into bankruptcy, a Delaware judge approved [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89580","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89580"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89580\/revisions"}],"predecessor-version":[{"id":89581,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89580\/revisions\/89581"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}