FTX, the cryptocurrency exchange that went bankrupt in November 2022, has announced a new reorganization plan that could see almost all of its creditors receive over 100% of their claims in cash. The plan, which is part of a Chapter 11 filing, aims to provide 98% of FTX creditors with 118% of their money back. This development comes after efforts to straighten out the company's operations, which were in disarray when it filed for bankruptcy 18 months ago. Sullivan and Cromwell played a role in this process. The proposed recovery plan, detailed in a recent court filing, also includes interest on the amounts owed. This has sparked discussions about the $26 billion payout and has been a significant topic of interest among financial news outlets.