FTX Takeaways in the Wake of Rising Crypto Prices

FTX has proposed a new reorganization plan where nearly all creditors will receive 118% of their funds back in cash.

Despite the crypto market rebound since FTX's collapse, the estate denies that the market recovery is the main reason behind its ability to pay back creditors.

The available cash for distribution, estimated between $14.5 and $16.3 billion, comes from a year-and-a-half of liquidating the company's assets worldwide.

The plan includes settling claims with regulators and government agencies, such as the IRS and CFTC.

The values of significant cryptocurrencies like Bitcoin, Ether, and Solana have risen since FTX declared bankruptcy, impacting the repayment process.

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