has unveiled a draft creditor-repayment plan as part of its bankruptcy proceedings, aiming to settle customer claims in cash and wipe out its digital token, FTT.¹ The plan proposes valuing customer claims in US dollars as of the date it went bankrupt and repaying them by selling assets tied to various silos of the business.

Here are the key highlights of the repayment plan:rlrl

- *Repayment Structure*: Three recovery pools will guide creditor repayments, including assets linked to (link unavailable) customers, FTX US customers, and assets not clearly tied to the exchanges.

- *FTT Token Holders*: The plan calls for giving no recovery on account of FTT tokens due to their "equity-like characteristics".

- *Customer Repayment*: FTX expects to repay customers in cash, with smaller claims (under $50,000) potentially receiving distribution before the end of the year.²

- *Plan Amendment*: The plan is still in its infancy aend subject to change, with FTX expecting to collaborate with creditors and file an amended plan in the future.#FTXrepayement