Will FTX customers actually receive 118% of their lost funds?
A bankruptcy court has approved a plan to repay FTX creditors 118% of their account values. This video examines the mechanics of the repayment, the source of the recovery funds, and the implications for Sam Bankman-Fried.
On October 7th, a bankruptcy court gave the green light to a restructuring plan for the collapsed cryptocurrency exchange FTX. The proposal promises to return 118% of the value held in user accounts as they stood in November 2022.
The breakdown of the plan explores the origins of these recovered assets and what this specific recovery amount signifies for the legal and financial future of Sam Bankman-Fried.
Source: FTX’s 118% Refund Plan
