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Market
FTX asset liquidation total by end of 2024
5
Resolution / Starting Odds
$14.5B-$15.5B • 25%
$15.6B-$16.3B • 25%
$16.4B-$17.5B • 25%
Over $17.5B • 25%
FTX financial reports and public disclosures
Story
FTX to Pay Creditors 118% of Claims by Q1 2025; $16.3B Raised
May 8, 2024, 12:58 AM
FTX, the cryptocurrency exchange that collapsed in November 2022, has successfully amassed between $14.5 billion and $16.3 billion through asset liquidation, which exceeds the amount needed to fully compensate its creditors. According to the company's bankruptcy plan, 98% of FTX creditors are set to receive at least 118% of their allowed claims in cash within 60 days of the plan's effectiveness, targeted for Q1 2025. This plan also includes additional billions in compensation for the time value of their investments, aiming for full recovery of the losses incurred during the collapse. Notably, customers with claims under $50,000 represent 96% of the total creditors.
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$14.5 billion to $15.4 billion • 33%
$15.5 billion to $16.3 billion • 34%
More than $16.3 billion • 33%
Above $10 billion • 33%
$5 billion to $10 billion • 33%
Below $5 billion • 34%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
$20 million to $50 million • 25%
Over $50 million • 25%
Less than $300 million • 33%
$300 million to $500 million • 33%
More than $500 million • 33%
Less than $685 million • 33%
$685 million to $800 million • 33%
More than $800 million • 33%
Less than 25% • 33%
25% to 50% • 33%
More than 50% • 33%
118% • 25%
120% • 25%
125% • 25%
130% • 25%
More than $500 million • 33%
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%