FTX and FTX US customers may receive over 90% of their assets back by Q2 2024, according to a proposed settlement reached between FTX debtors and creditors. The settlement includes a "Shortfall Claim" in which FTX estimates that customers of FTX.com and FTX US would collectively receive 90% of assets available for distribution. FTX expects these funds to be disbursed by the end of Q2 2024 if approved by the Bankruptcy Court.
However, customers who withdrew over $250,000 from the exchange within nine days of bankruptcy may have their claim reduced by 15% of the amount, and FTX may exclude insiders, affiliates, and customers who may have had knowledge of the commingling and misuse of customer deposits and corporate funds from the settlement.
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