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FTX proposes payout plan in bankruptcy case

FTX has presented its latest proposal for disbursing billions of dollars to customers and creditors, wrapping up the final stage of potential disputes surrounding its bankruptcy case.

While some details will still be clarified next year, the overall plan, involving the liquidation of the majority of the firm’s cryptocurrencies, has received preliminary agreement from major creditor and customer groups involved in the Chapter 11 proceedings.

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