FTX has disclosed that it holds over $16 billion in cash following the sale of its assets to settle debts. With a debt of roughly $11 billion, the company plans to use the surplus to repay its 2 million customers' interest. Some creditors are projected to recover 142% of their loans, while the majority of customers are anticipated to receive 118% of their FTX holdings. Unfortunately, there will be no remaining funds to compensate equity holders.
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