🥳👀 #FTT FTX will set aside up to $230 million for shareholders, not creditors, from proceeds of seizure of public funds theblock.com
🍿⚖ #FTT Cointelegraph: Rumors that FTX will begin distributing refunds to creditors and customers on September 30, 2024 are false because the restitution plan has not yet been approved by the court. According to updated Chapter 11 filings, next court hearing to approve restructuring plan will take place on October 7, 2024.
If the plan is approved, claimants with small claims under $50,000 could begin receiving payments by the end of 2024. Claimants with larger claims may not see payments until the first or second quarter of 2025.
If the plan is approved, claimants with small claims under $50,000 could begin receiving payments by the end of 2024. Claimants with larger claims may not see payments until the first or second quarter of 2025.