Nearly all account holders of the bankrupt cryptocurrency exchange FTX are in line to receive cash worth more than 100 per cent of their official claims, according to a plan of reorganisation filed in court on Tuesday night.
FTX said it had gathered roughly $15bn, mostly from selling venture capital investments made by the exchange and its trading affiliate Alameda Research. The sum is enough to pay 118 cents on the dollar to the 98 per cent of creditors who hold $50,000 or less in claims.
The remaining creditors will receive at least 100 cents on the dollar.
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