Here’s what happened in crypto today — TradingView News
Today in crypto, a United States bankruptcy judge has approved the reorganization plan of defunct crypto exchange FTX. Meanwhile, a Worldcoin executive said the project is concentrating on markets where governments are more open to emerging technologies, and a new proposal for Ethereum aims to increase its throughput by 50%.
FTX reorganization plan approved
On Oct. 7, US Bankruptcy Judge John Dorsey approved a plan for failed crypto exchange FTX to wind down its operations and repay its depositors.
According to the hearing, which took place in the District Court of Delaware, Judge Dorsey approved FTX’s liquidation plan. Under the approved plan, FTX can repay 98% of its users roughly 119% of their account value.
The approved plan opens the…
