Overview

• FTX has gathered between $14.5 billion and $16.3 billion for creditor distribution, exceeding the $11 billion owed.
• Court filings indicate most creditors will receive at least 118% of their claims, with payments expected within 60 days of plan approval.
• The recovery stems from asset monetization, including sales of investments and litigation claims.
• Despite the positive outlook, some creditors express dissatisfaction with the valuation date for crypto assets, impacting potential gains.
• Legal and regulatory hurdles remain as the plan awaits final court approval, with hearings scheduled for the upcoming summer.