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FTX says most customers of the bankrupt crypto exchange will get all their money back
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors around $11.2 billion, according to a reorganization plan published late Tuesday. The company said it has between $14.5 billion and $16.3 billion to distribute to creditors. Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of their allowed claim, the plan says. Around 98% of creditors will receive this compensation. The reorganization plan, which still needs to be approved by the bankruptcy court, will ... (full story)