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Fortune
Fortune
Marco Quiroz-Gutierrez

New bankruptcy proposal could see FTX creditors receive close to $9 billion by mid-2024

Photo of John J. Ray III (Credit: Tom Williams—CQ-Roll Call, Inc via Getty Images)

FTX has a new plan that—if approved later this year—could return some $9 billion to creditors in the wake of the crypto exchange’s bankruptcy declaration last year.

In addition to claims against assets at their respective exchanges, around $8.9 billion is allocated for the reimbursement of FTX customers, while another $166 million will be available for FTX US customers. 

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