FTX Proposes Returning Majority of Customer Funds, Though Payouts May Vary

FTX plans to return up to 90% of customer funds from before the bankruptcy, divided into 3 asset pools.

Customers with under $250k can accept the settlement without reduction or payment.

Creditors get a "shortfall claim" against the general pool for missing assets, estimated at $9B for FTX.com.

Payouts may be lower for insiders, affiliates, or those who changed KYC info before withdrawal halt.

FTX collapsed after revelations about its balance sheet; founder Sam Bankman-Fried faces trial.