FTX aims to fully pay back non-governmental creditors based on the value of their claims as determined by the bankruptcy court. 98 percent of creditors with up to $50,000 in claims will receive 118 percent of their allowed claims.
FTX states it will distribute between $14.5 billion and $16.3 billion in cash to creditors. The company utilized a diverse collection of assets, including real estate and venture capital investments, to generate this amount.
Government creditors will receive payouts with a nine percent interest rate. FTX has reached settlements with entities like the Internal Revenue Service and Department of Justice.
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