FTX: Almost all creditors will receive full refunds

ChainCatcher news, according to CNBC, the bankrupt cryptocurrency exchange FTX has stated that nearly all customers will receive full refunds, and possibly more. According to the restructuring plan released on Tuesday evening, FTX estimates it owes creditors approximately $11.2 billion.

FTX stated that it has $14.5 billion to $16.3 billion available for distribution to creditors, and the plan indicates that customers with claims of $50,000 or less will receive about 118% of their allowed claim amount. Approximately 98% of creditors will receive this compensation.