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 As of October 2024, FTX has received court approval for its bankruptcy plan, allowing it to repay customers up to $16 billion using recovered assets. Most customers are expected to receive their funds back, including interest, with a notable focus on settling disputes without prolonged litigation​ (

Under the approved plan, 98% of creditors are expected to receive 119% of the value of their claims as of November 2022, the date of FTX's bankruptcy filing. This means that most customers with accounts holding $50,000 or less will be fully compensated within about 60 days of the plan's effective date. However, there are concerns among some creditors about the valuation method used, particularly as the prices of cryptocurrencies have significantly increased since the bankruptcy​(

The case has seen some objections from former customers, mainly due to concerns over the plan's provisions, which grant legal immunity to those managing the bankruptcy process and the tax implications of cash payments. Despite these objections, the judge has moved forward with the plan, indicating that it is a model for handling complex bankruptcy cases​(

Overall, FTX's restructuring has been recognized for its effectiveness, focusing on maximizing customer restitution while managing its extensive asset distribution​ (

original post   https://cryptoeducationinc.blogspot.com/2023/05/collapse-of-ftx.html