FTX Nears Final Stages of Bankruptcy with Plan to Fully Reimburse Creditors

FTX's bankruptcy plan, pending court approval, promises significant payouts to creditors, potentially covering 98% of claimants with more than their initial losses.

FTX has gathered between $14.5 billion and $16.3 billion for creditor distribution, exceeding the $11 billion owed.
Court filings indicate most creditors will receive at least 118% of their claims, with payments expected within 60 days of plan approval.
The recovery stems from asset monetization, including sales of investments and litigation claims.
Despite the positive outlook, some creditors express dissatisfaction with the valuation date for crypto assets, impacting potential gains.
Legal and regulatory hurdles remain as the plan awaits final court approval, with hearings scheduled for the upcoming summer.