FTX has proposed a repayment plan to compensate creditors affected by its 2022 collapse, promising "billions in compensation". The plan, awaiting approval from the U.S. Bankruptcy Court in Delaware, proposes a 118% recovery rate for most creditors. However, the repayment is based on asset values at the time of bankruptcy, not current market values, causing dissatisfaction among some stakeholders.

FTX's plan will cover 98% of creditors, focusing on those with claims up to $50,000. Despite the recent crypto market upsurge, the repayment approach has sparked debate. Legal professionals and industry analysts have raised concerns about the perceived fairness of the recovery, given the significant appreciation in crypto values post-November 2022.

FTX has been actively managing its remaining assets to maximize creditor recovery, including liquidating significant stakes in ventures like Anthropic. However, the appreciation in crypto prices since their last valuation date has not benefited the creditors.

FTX's leadership, under CEO John J. Ray III, remains committed to rectifying the financial discrepancies and restoring trust. The firm has chosen not to restart as a crypto exchange, focusing instead on stabilizing its financial footing and ensuring creditor satisfaction. The outcome of these efforts will significantly influence the perception of bankruptcy resolution within the crypto industry.