Oddbean new post about | logout
 FTX plans to pay billions more to creditors for compensation.
https://www.tbstat.com/wp/uploads/2022/03/20220321_FTX_Crypto_Takeover-1200x675.png?isSafari=false&isMobile=false 
 gxhd 
 The proposed plan specifies that creditors with claims below $50,000 will receive a 118% compensation, subject to court approval. FTX aims to provide at least 118% of allowed claims to 98% of its creditors, while other creditors will receive full repayment and additional compensation for the time value of their investments