FTX Surplus: Creditors and Customers to Receive Over 100% Recovery
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FTX reportedly has more than $16 billion cash available after its assets were sold off to repay its creditors and customers, while its debt is around $11 billion. The surplus in its reserves will be used to pay interest to its 2 million customers. While certain creditors stand in a position to recover 142% of their loans given, and most of the customers expect to receive 118% of their FTX holdings, there will be no funds left for equity holders.
