🚀🎉 Good news, BTC enthusiasts! FTX, the crypto exchange that collapsed in November 2022, has a plan to repay creditors between $14.5 billion and $16.3 billion! 💰💰 This is billions more than needed to cover customer losses, a win for those awaiting reimbursement.

FTX achieved this by monetizing a diverse collection of assets, including proprietary investments and litigation claims. Under the proposed plan, 98% of FTX creditors with claims under $50k would receive around 118% of their claims in cash within 60 days of plan approval. 📈💸

Other non-governmental creditors would receive 100% of their claims, plus potential additional interest payments of up to 9% from when FTX filed for bankruptcy. FTX CEO John Ray called this "an unbelievable result." 🎯👏

FTX has also settled huge claims from the US IRS and the Commodity Futures Trading Commission, and plans to create a fund for supplemental payments to some creditors. However, payouts are still a few months away as the firm finalizes its bankruptcy case. ⏳🔨

Much of the excess cash is attributed to the recovery in crypto markets, particularly Solana (SOL), which has surged over 1,100% since November 2022. Despite a recent dip, SOL is trading around $149, a significant rise from its low of $12. 🚀🌕

Stay tuned, crypto fans! The future is looking brighter for FTX and its creditors! 🌈🔮