FTX offers 9% interest payout: Creditors with debts under $50,000 to receive 118% of claim amount within 60 days

The FTX bankruptcy restructuring team submitted a revised restructuring plan to the Delaware Bankruptcy Court on 5/7. The plan aims to distribute the assets of FTX at the time of bankruptcy to global customers and creditors. FTX expects the total value of distributable assets to be between $14.5 billion and $16.3 billion. If approved by the bankruptcy court, 98% of FTX creditors will receive 118% of their allowed claim amount within 60 days after the plan takes effect.