FTX has put forward a bankruptcy plan to repay creditors with 98% of their claims in cash, amounting to $14.5 to $16.3 billion.

CEO John Ray expresses confidence in the repayment plan, aiming to return 100% of the funds to most customers.

FTX founder Sam Bankman-Fried has received a 25-year prison sentence for charges of fraud and conspiracy.

The proposed plan includes interest payments and awaits bankruptcy court review on June 25.

FTX customers anticipate the return of their funds following the exchange's collapse, with the new plan signaling potential relief.