It's Benzinga and here's what's on the block.
FTX has amassed billions of dollars more than needed to
cover what customers lost in its November 2022 collapse,
allowing full recoveries plus interest.
FX owes around $11 billion to customers and creditors,
but has over $14 billion available from selling assets.
In the recent Crypto Rally,
FTXCEO John Ray said this is an unbelievable result where
all debts will be paid in full plus interest.
Some creditors could receive over 140%
of their claims, while most customers are expected to recover
118%
of their holdings from the day FTX filed for Chapter
11 bankruptcy.
Payouts may not occur for several months as the bankruptcy
process continues to unfold.
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