🔔 FTX's Proposal for 'Billions in Compensation' Met with Mixed Reactions !
FTX's new proposal to repay victims of its 2022 collapse promises to reimburse all creditor claims plus "billions in compensation for the time value of their investments." The plan, subject to court approval, offers a 118% recovery to most creditors, but reimburses based on asset values at the time of FTX's bankruptcy, not current prices. FTX estimates the total distribution to creditors will be $14.5 to $16.3 billion.
