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News Explorer — FTX Bankruptcy Estate Plans to Start Repaying Customers by End of 2024

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Mar 31, 5:09 pm
The Block

FTX Bankruptcy Estate Plans to Start Repaying Customers by End of 2024

The FTX bankruptcy estate aims to start repaying customers by the end of 2024, as stated in a meeting of FTX Digital's Joint Official Liquidators. The bankruptcy consists of two processes: Chapter 11 in the US and official liquidation in the Bahamas. Creditors can submit claims to either entity, with the goal of ensuring no creditor receives less than their entitled value.

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