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Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

The new reorganization plan must first be approved by a Delaware bankruptcy court.

Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)
Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)