Almost all bankrupt cryptocurrency exchange FTX customers will receive their money back.
CNBC reports this concerning court documents.
According to FTX estimates, it owes creditors almost $11.2 billion. The company said it was ready to distribute $14.5-16.3 billion among creditors. The exchange received these funds by selling several assets, including its venture capital investments and other investments of the Alameda hedge fund.
Customers claiming $50,000 or less (about 98%) will receive approximately 118% of their debt.
This payment plan is yet to be approved by the court.
