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FTX creditors under $50,000 will receive 118% compensation, according to new plan

A new compensation plan proposed by FTX states that creditors with claims under $50,000 will receive at least 118% compensation.

FTX estimated the total value of cash available for distribution to be between $14.5 billion and $16.3 billion, while the plan has yet to be finalised and approved by the U.S. Bankruptcy Court.

The proposal scheduled the repayment to occur within 60 days after the plan’s effective date.


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