FTX’s Proposed Settlement Could Pay Creditors 90% of FTX’s Remaining Assets Following Bankruptcy Proceedings

According to CoinDesk, FTX is proposing a settlement agreement to pay 90% of the remaining assets after the FTX bankruptcy proceedings to creditors. Lawyers representing some creditors are now working to secure enough investor support to implement this agreement.

This 90% allocation represents a portion of the remaining funds after the bankruptcy proceedings end, not 90% of the funds originally invested in FTX.com. Therefore, the amount of funds to be returned to FTX users is still uncertain.