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The debtors propose dividing missing customer assets into three pools based on circumstances at the start of the Chapter 11 cases: Assets segregated for FTX.com customers; Assets for FTX.US customers; and a "General Pool" of other assets. Creditors would further receive a "Shortfall Claim" against the general pool corresponding to the estimated value of assets missing at their exchange – estimated to be nearly $9b for FTX.com and $166m for FTX.US, the exchange’s U.S. arm.
Furthermore, the debtors could exclude any “insiders, affiliates, customers” from the settlement who may have known the commingling and misuse of customer deposits and corporate funds, or those who changed their KYC information to facilitate withdrawals when they were halted.
