FTX bankruptcy asset plan to start repaying creditors by the end of 2024

ChainCatcher message indicates that, according to meeting records, the FTX bankruptcy estate plans to start repaying customers by the end of 2024.

The FTX bankruptcy proceedings are divided into Chapter 11 bankruptcy in the U.S. Delaware court and the formal liquidation of FTX Digital in the Bahamas. The two entities have agreed to work together to ensure that creditors can receive the value they are entitled to. Creditors can submit claims on FTX's claims portal, with the deadline expected to be extended to June 2024.