FTX plans to return users their funds plus compensation.
😎 FTX has proposed a new reorganization plan, under which 98% of its creditors will receive 118% of their funds.
The remaining creditors will receive 100% refund plus 9% compensation for ⏳ "time value of investments."
👀 This plan must be approved by the court. If approved, the funds will be distributed to users within 60 days.
After the sale of all #assets , the exchange will have up to $16.3 billion, and #Ftx❓ owes clients about $11 billion.
