FTX may pay 90% of the remaining assets to creditors

ChainCatcher news, according to CoinDesk, the proposed settlement agreement by FTX seeks to pay 90% of the remaining assets after the FTX bankruptcy proceedings to creditors. Lawyers representing some creditors are currently working to garner enough investor support to realize this agreement.

This 90% allocation represents a portion of the remaining funds after the bankruptcy proceedings conclude, rather than 90% of the funds that people initially invested in FTX.com. Therefore, when all is said and done, the amount of funds returned to FTX users remains uncertain.

If the settlement proposal is approved by creditors, it will still require approval from the bankruptcy court.