{"id":210438,"date":"2024-05-08T15:03:41","date_gmt":"2024-05-08T15:03:41","guid":{"rendered":"https:\/\/cryptonews.com\/?post_type=web-story&#038;p=210438\/"},"modified":"2024-05-08T15:03:09","modified_gmt":"2024-05-08T15:03:09","slug":"ftx-creditors-set-for-cash-windfall-beyond-100-of-claims","status":"publish","type":"web-story","link":"https:\/\/cryptonews.com\/web-stories\/ftx-creditors-set-for-cash-windfall-beyond-100-of-claims\/","title":{"rendered":"FTX Creditors Set for Cash Windfall Beyond 100% of Claims"},"content":{"rendered":"<p><\/p><meta charset=\"utf-8\"><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Poppins%3Awght%40700&amp;family=Noto+Sans&amp;family=IBM+Plex+Sans\" 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opacity: var(--initial-opacity);\n                  transform: var(--initial-transform);\n                }\n              }\n<p>              amp-story-grid-layer.align-bottom {\n                align-content: end;\n                padding: 0;\n                \/* \n                  AMP CTA Layer will exactly occupy 74px regardless of any device.\n                  To space out captions 74px from the BOTTOM (AMP CTA Layer),\n                  74px from the TOP should also be spaced out and thus: 2 * 74px\n                  will be the desired max-height.\n                *\/\n                max-height: calc(100vh - (2 * 74px));\n              }\n<p>              .captions-area {\n                padding: 0 32px 0;\n              }\n<p>              amp-story-captions {\n                margin-bottom: 16px;\n                text-align: center;\n              }\n              <\/style><p><meta name=\"web-stories-replace-head-start\"><\/p><title>FTX Creditors Set for Cash Windfall Beyond 100% of Claims<\/title><link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/?post_type=web-story&amp;p=210438\/\"><meta name=\"web-stories-replace-head-end\"><body><amp-story standalone=\"\" publisher=\"Cryptonews\" publisher-logo-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2023\/12\/Group-2.png\" title=\"FTX Creditors Set for Cash Windfall Beyond 100% of Claims\" poster-portrait-src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08150335\/cropped-1715143122-1715143104704_processed-1.jpg\"><amp-story-page id=\"2042827e-8d04-458b-a2f9-b35019c755fc\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-59fcd97a-11d2-4170-9d4f-f983bf2da572\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-2584de48-24dc-441a-a768-bbf394f7b804\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.16505%;top:34.14239%;width:38.34951%;height:9.54693%;opacity:1\">\n<div id=\"anim-59fcd97a-11d2-4170-9d4f-f983bf2da572\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;background-color:#591c7e\" id=\"el-4e5f7079-9305-4f18-82e5-f8256d0e4290\"><a href=\"https:\/\/cryptonews.com\/news\/ftx-reorganization-plan-creditors-cash-windfall-100-pct-claims\/\" data-tooltip-icon=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08043843\/1715143122-1715143104704_processed.jpg\" data-tooltip-text=\"FTX Claims: Creditors Set for Cash Windfall Beyond 100%\" target=\"_blank\" rel=\"noreferrer\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:1.2025316455696193% 0;,sans-serif;font-size:0.307443em;line-height:1.2;text-align:center;padding:10.126582278481013% 10.126582278481013%;color:#000000\"><span><span>Read More<\/span><\/span><\/p>\n<p><\/p><\/a><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:0;width:76.94175%;height:28.15534%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6309148264984227% 0.6309148264984227% 0.6309148264984227% 0.6309148264984227% \/ 1.1494252873563218% 1.1494252873563218% 1.1494252873563218% 1.1494252873563218%\" id=\"el-2f70a6c5-6fbe-4cb0-861a-db8924ab63b2\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.8943217665615144% 0;,sans-serif;font-size:0.566343em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">FTX Creditors Set for Cash Windfall Beyond 100% of Claims<\/span><\/span><\/h2>\n<p><span class=\"replacer\"><\/span><\/p><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-5.58252%;top:49.51456%;width:110.19417%;height:62.45955%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f5ab0faa-4fed-44de-aa41-4e8be57aa202\">\n<div style=\"position:absolute;width:148.72659%;height:100%;left:-24.3633%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1.jpg\" alt=\"1715143122-1715143104704_processed\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1.jpg 1200w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1-1024x585.jpg 1024w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1-768x439.jpg 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1-300x172.jpg 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145545\/1715143122-1715143104704_processed-1-150x86.jpg 150w\" sizes=\"(min-width: 1024px) 50vh, 110vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"30536977-a2cf-4f94-9812-f3ea5f63c3a6\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5519366f-0699-4db7-9a9f-204c7b4aa061\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:5.33981%;width:76.94175%;height:24.91909%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6309148264984227% 0.6309148264984227% 0.6309148264984227% 0.6309148264984227% \/ 1.2987012987012987% 1.2987012987012987% 1.2987012987012987% 1.2987012987012987%\" id=\"el-3fb14de1-9ad5-48dc-9dbc-82661dca89f5\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.6388012618296537% 0;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">A new reorganization plan proposes that nearly all FTX account holders will be repaid in full for their claims.&nbsp;<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:70.63107%;top:33.33333%;width:17.96117%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-0badf1c9-00a9-44f9-a4e5-2c9c6213371e\"><svg style=\"display:block;position:absolute;top:0;height:100%;width:auto\" viewbox=\"0 0 17 9\" fill=\"none\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\"><title>Arrow<\/title><path d=\"M15.9436 4.43653c.2145-.21452.2145-.56234 0-.77687L12.4477.163723c-.2146-.2145286-.5624-.2145286-.7769 0-.2145.214527-.2145.562346 0 .776874L14.7783 4.0481l-3.1075 3.10749c-.2145.21453-.2145.56235 0 .77688s.5623.21453.7769 0l3.4959-3.49594zm-15.769772.1609H15.5552V3.49876H.173828v1.09867z\" fill=\"#FFECE3\"><\/path><\/svg><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-5.82524%;top:49.67638%;width:112.13592%;height:62.45955%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-568156bf-1442-4911-aaa7-1a0c4957b429\">\n<div style=\"position:absolute;width:125.89021%;height:100%;left:-12.9451%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-scaled.jpg\" alt=\"saul-bucio-P5YN73KrUAA-unsplash\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-scaled.jpg 2560w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-2048x1359.jpg 2048w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-1536x1019.jpg 1536w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-1024x680.jpg 1024w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-768x510.jpg 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-300x199.jpg 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145900\/saul-bucio-P5YN73KrUAA-unsplash-150x100.jpg 150w\" sizes=\"(min-width: 1024px) 50vh, 112vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"e98d9f63-471e-42de-a490-1abf684caa97\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c99ab941-5169-414a-a646-5a58a5c4e9ac\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.40777%;top:59.06149%;width:76.94175%;height:29.77346%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6309148264984227% 0.6309148264984227% 0.6309148264984227% 0.6309148264984227% \/ 1.0869565217391304% 1.0869565217391304% 1.0869565217391304% 1.0869565217391304%\" id=\"el-4d3a77b3-c146-45ab-b5b4-806a4d64f4de\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;margin:0.6388012618296537% 0;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">This unexpected windfall is possible because FTX said it recovered billions more dollars than initially anticipated to cover customer losses.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:70.63107%;top:93.20388%;width:17.96117%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-2e18f71a-a6c9-4f77-8880-e4876afea078\"><svg style=\"display:block;position:absolute;top:0;height:100%;width:auto\" viewbox=\"0 0 17 9\" fill=\"none\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\"><title>Arrow<\/title><path d=\"M15.9436 4.43653c.2145-.21452.2145-.56234 0-.77687L12.4477.163723c-.2146-.2145286-.5624-.2145286-.7769 0-.2145.214527-.2145.562346 0 .776874L14.7783 4.0481l-3.1075 3.10749c-.2145.21453-.2145.56235 0 .77688s.5623.21453.7769 0l3.4959-3.49594zm-15.769772.1609H15.5552V3.49876H.173828v1.09867z\" fill=\"#FFECE3\"><\/path><\/svg><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-6.31068%;top:-12.45955%;width:110.19417%;height:61.97411%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cc2e4f6e-138f-4d9a-b3f2-bd34446a42f8\">\n<div style=\"position:absolute;width:112.3646%;height:100%;left:-6.1823%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-scaled.jpg\" alt=\"hansjorg-keller-m_-8_AhhJjE-unsplash\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-scaled.jpg 2560w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-2048x1538.jpg 2048w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-1536x1153.jpg 1536w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-1024x769.jpg 1024w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-768x577.jpg 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-300x225.jpg 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/08145946\/hansjorg-keller-m_-8_AhhJjE-unsplash-150x113.jpg 150w\" sizes=\"(min-width: 1024px) 50vh, 110vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1bbc7760-5059-436d-bb10-744f8afe718d\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4468a0ec-7a76-497f-a381-d6a426c5a810\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b57a4006-524a-4c25-a7b1-bf1d9c941f42\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" 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They may even receive additional cash on top of that amount.<\/p>\n","protected":false},"author":422,"featured_media":210455,"template":"","meta":{"_acf_changed":false,"web_stories_publisher_logo":138953,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-210438","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FTX Creditors Set for Cash Windfall Beyond 100% of Claims - Cryptonews<\/title>\n<meta name=\"description\" content=\"A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. 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