๐ Great news from FTX!
They're expecting to gather between **$14.5 billion and $16.3 billion** in cash. That's a hefty sum, and it means they're on track to settle their debts with over **2 million creditors**. Everyone's due to get back the **$11 billion** they're owed, plus a little extra for the wait. ๐ฐ
For those with claims under $50k, which is about 98% of creditors, there's a special treat! ๐ They'll receive approximately **118%** of their claims, and that's coming to them fast - within just **60 days**! โฐ
The rest will get back every penny, a full **100%**. And for some, there's even more good news. They could see up to **142%** of their claims, thanks to a **9% "Consensus Rate"** interest calculation from the time FTX filed for bankruptcy. ๐
However, it's a different story for equity holders, as they won't be seeing any returns. But overall, it's a positive outlook for most involved with FTX! ๐
