After two years of bankruptcy hearings, FTX creditor reimbursements are set to begin, but the FTX estate remains embroiled in litigation.
The FTX bankruptcy estate has updated its timeline for the creditor and former customer reimbursements — which should be finalized in January 2025 — and initial payouts are expected in March 2025.
According to the Nov. 21 announcement from the former crypto exchange, FTX will arrange reimbursement payments with distribution agents in early December, who will handle the payout process and manage the customer payout portal. John J. Ray III, the interim CEO presiding over the FTX bankruptcy, issued the following statement:
Despite the approval of the FTX reorganization plan by a US judge in early October, not all FTX creditors were happy with the reorganization plan, and the FTX bankruptcy estate initiated a series of lawsuits in an attempt to recover more assets.
