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FTX, the third-largest cryptocurrency exchange in the world, has announced that most of its customers will receive their money back, less than two years after the exchange's collapse. The company stated that it owes about US$11.2 billion to its creditors and estimates it has between US$14.5 billion and US$16.3 billion to distribute to them. The plan also includes supplemental interest payments to creditors, with an interest rate of 9 per cent. Customers and creditors claiming US$50,000 or less will receive about 118 per cent of their claim. The exchange was able to recover funds by monetizing a collection of assets, and the bankruptcy court is set to hold a hearing on June 25.
