FTX is set to distribute a total of $1.6 billion to its creditors, according to a tweet by creditor representative Sunil. Large claims over $50,000 will receive a distribution where previously paid amounts account for 5.7%, and unpaid portions make up 72.5% plus 5.7%, totaling 78.2%. Small claims under $50,000 will see unpaid portions at 120.5%, potentially exceeding original claim amounts due to interest or additional compensation. U.S. claimants will receive 40% of their claims, with an overall distribution rate of approximately 95%.
FTX to Distribute $1.6 Billion to Creditors, Small Claims May Exceed Original Amounts
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