FTX Delays Debt Submission Deadline To August, Here’s All

In a groundbreaking decision, the bankrupt crypto exchange FTX announced its intention to repay all creditors and customers with interest, as disclosed in its latest distribution plan. This unprecedented move garnered mixed reactions within the crypto community. While many lauded the initiative as a positive step towards rectifying the fallout from FTX’s collapse, creditors expressed dissatisfaction. Their concerns stem from uncertainties surrounding the distribution process and potential delays in receiving their dues.

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