Remember FTX? The crypto exchange that went belly-up in November 2022? Well, buckle up for a plot twist – their creditors are about to get a major payday.

In a stunning turn of events, a new reorganization plan proposes to repay nearly all FTX account holders in full, and potentially even more. It's a rare bright spot in the often gloomy world of bankruptcy cases, where creditors typically face significant losses.

Here's the story: Turns out, FTX recovered way more than they initially thought to cover customer losses. By selling off venture capital investments made by the exchange and its affiliate, they amassed a whopping $15 billion war chest.

This windfall is enough to fully repay almost all creditors with claims under $50,000 (that's a massive 98% of them!). Even the remaining folks stand to gain a significant chunk of their money back, with a guaranteed minimum payout of 118% of their claims.

But wait, there's more! The plan goes beyond just recouping what was lost. FTX is also considering additional compensation to account for the time value of money. Basically, customers might get their money back with interest.

This is a huge win for over 2 million FTX account holders. In most US bankruptcies, creditors are lucky to see a fraction of their original investment. Here, they're getting a full refund, potentially with a bonus on top.

So, how did FTX pull off this financial Lazarus act? It turns out they had a fire sale of their assets, including an 8% stake in an AI startup that netted a cool $884 million. All this asset liquidation has left them with a hefty surplus – more than enough to cover their debts and shower creditors with cash.

Now, there are still some hurdles to jump. The plan needs approval from the Delaware bankruptcy court, and even then, it might take a few months for everyone to see their money. But overall, this is a story of unexpected good fortune for those who were caught in FTX's collapse.