FTX says most customers of the bankrupt crypto exchange will get all their money back

FTX, a bankrupt cryptocurrency exchange, has announced that nearly all its customers will recover their funds, with some receiving more than their initial claims. The company has assets ranging from $14.5 billion to $16.3 billion, against creditor claims of approximately $11.2 billion. Under the proposed reorganization plan, about 98% of creditors with claims of $50,000 or less will receive around 118% of their claim. This plan is pending approval from the Bankruptcy Court.