FTX's legal team announced a plan to repay customers up to 118% of the assets' value, ensuring full repayment plus interest for those who had less than $50,000 in assets.
Investors who lost assets missed capital gains during the crypto market recovery. FTX aims to repay creditors believed to owe billions, collecting $14.5 billion to $16.3 billion.
"We are pleased to propose a Chapter 11 plan returning 100% of bankruptcy claims plus interest to non-governmental creditors," said FTX's CEO. The plan aims to return assets and thank customers for patience.
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