"Fortune": FTX devises a new plan to repay creditors up to 90% of their claims

According to ChainCatcher, as reported by Fortune, FTX has devised a new plan that could return up to 90% of the debts to creditors. In addition to claims on their respective exchange assets, approximately $8.9 billion has been allocated for repaying FTX customers, with another $166 million to be provided to FTX US customers. The debtor group overseeing the FTX bankruptcy process has warned that customers of both exchanges will not receive full compensation, and the loss ratio for FTX.com customers will be higher.

According to a statement from the company, whether customers who filed bankruptcy claims against FTX will receive any compensation in the future will depend on variables such as the resolution of tax and government claims, the FTX team's asset recovery efforts, and fluctuations in digital asset prices. The debtor group, led by FTX's new CEO and bankruptcy expert John J. Ray III, stated that they plan to submit a new proposal by December 16.