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UPDATE: THE FTX BANKRUPTCY COMMITTEE PLANS TO BEGIN DISTRIBUTION OF FUNDS TO CREDITORS BY 2024 END
FTX BANKRUPTCY ESTATE AIMS TO BEGIN REPAYING CUSTOMERS BY END OF 2024 The FTX bankruptcy estate, comprising both the Chapter 11 bankruptcy process in the U.S. and the official liquidation of FTX Digital in the Bahamas, intends to start repaying customers by the end of 2024.… https://t.co/MoyETR1aBo
The FTX bankruptcy committee plans to begin distributing the first funds to creditors before the end of 2024. The deadline for creditors to submit claims will be extended until at least June 2024. Claims will be valued based on prices on November 11, 2022, which may be…
FTX, in bankruptcy proceedings, plans to liquidate Sam Bankman-Fried's $222 million real estate in the Bahamas to repay creditors. The bankruptcy committee aims to distribute funds to creditors by the end of 2024, with an extended claims deadline until at least June 2024. Creditors' claims will be valued based on prices from November 11, 2022.
