“Crypto exchange FTX has proposed a plan to pay creditors between $14.5 billion and $16.3 billion, recovered from asset sales and consolidation of funds. This is many billions more than needed to cover customer losses after the collapse of the exchange in November 2022. Under the proposed plan, 98 % of FTX creditors with claims under $50,000 will receive approximately 118% of their allowed claims in cash within 60 days of plan approval. Much of the excess capital is attributed to the recovery in the cryptocurrency markets, especially Solana's assets."