The court ordered FTX and Alameda to pay creditors $12.7 billion.
The ruling ends a 20-month-long lawsuit brought by the Commodity Futures Trading Commission (CFTC) against the two companies.
The current version of FTX’s proposed reorganization plan calls for a 118% refund for 98% of its creditors — those with claims of $50,000 or less — based on the dollar value of assets at the time of FTX’s bankruptcy filing in November 2022.
Creditors are currently voting on how they would like to be paid. They have until August 16 to submit their requests, with U.S. Bankruptcy Court Judge John Dorsey set to issue a final ruling on October 7.