FTX's Makes Remarkable Rebound with Customers and Creditors Set to Receive Over 100% of Claims

FTX has amassed billions of dollars more than needed to cover what customers lost in its November 2022 collapse, allowing full recoveries plus interest. FTX owes around $11 billion to customers and creditors but has over $14 billion available from selling assets in the recent crypto rally. FTX CEO 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. Payouts may not occur for several months as the bankruptcy process unfolds.