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When Will FTX Users Get Paid? Payment Plan Now in Motion

In the wake of one of the most significant collapses in the cryptocurrency space, FTX, once a major player in the digital asset market, has laid out a reorganization plan aimed at repaying affected users. The company, which filed for bankruptcy in November 2022, has been working diligently to recover and restructure its operations amid ongoing legal proceedings.

FTX has between $14.7 billion and $16.5 billion available to repay its customers and creditors. In October 2024, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware approved the company’s reorganization plan, outlining a timeline to reimburse 98% of users, with some receiving up to 119% of their claimed account value. The plan took effect on January 3, 2025, marking the start of the repayment process.

When Will FTX Users Get Paid? Payment Plan Now in Motion

In the wake of one of the most significant collapses in the cryptocurrency space, FTX, once a major player in the digital asset market, has laid out a reorganization plan aimed at repaying affected users. The company, which filed for bankruptcy in November 2022, has been working diligently to recover and restructure its operations amid ongoing legal proceedings.

FTX has between $14.7 billion and $16.5 billion available to repay its customers and creditors. In October 2024, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware approved the company’s reorganization plan, outlining a timeline to reimburse 98% of users, with some receiving up to 119% of their claimed account value. The plan took effect on January 3, 2025, marking the start of the repayment process.
https://www.crypto-news-flash.com/when-will-ftx-users-get-paid-payment-plan-now-in-motion