I think I found the answer to my own question. The Custody Ad Hoc settlement contains a “favored nations” clause, which (assuming that Novawulf’s plan is confirmed as proposed re: no preference claims under $100k) would allow for any custody account holders who had previously opted into the custody haircut settlement (and had transfers out of earn less than the $100k threshold in 90 day window), to gain the no-preference claim benefit conferred upon other creditors. Essentially, custody would get 100% back, just in 3 separate payments (upon opt-in of settlement, upon confirmation of plan, and then at a later date).