Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see 98% of its creditors receive 118% of their claims within 60 days of court approval. Other non-government creditors will receive 100% of their claims plus up to 9% interest.

The proposed payments are higher than previously expected. FTX expects to have between $14.5 billion and $16.3 billion in cash to distribute by the time the plan is approved by the court.

FTX's new reorganization plan will also address a number of demands from regulators and government agencies, including the IRS and CFTC. A hearing to discuss the proposed plan is scheduled for June.