FTX estimates owing $11.2B to creditors, plans to distribute $14.5-16.3B with a 9% interest rate. Investors will receive 118% of their claim if $50,000 or less.
Bitcoin price at FTX collapse: $16,080, current price $62,675. Investors facing 290% loss, slightly lower with interest. Most customers to be covered.
FTX recovered funds through monetization of assets, including proprietary investments and litigation claims. Founder Bankman-Fried sentenced to 25 years in prison for fraud.
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