FTX to Return 98% of Holdings to Creditors

Krutika Adani

FTX has issued a PR to announce its intent to return money to customers

Those who had claims of $50k or less were awarded 118% of their claim value

FTX CEO John Ray III had earlier announced that a full refund was possible for FTX victims

The FTX estate will also issue an additional 9% interest for time loss of money

FTX has estimated that it has around $14.5-$16 billion in liquid assets