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What will be FTX's plan approval rate among creditors by end of 2024?
3
Resolution / Starting Odds
Less than 90% • 25%
90% to 92% • 25%
93% to 95% • 25%
More than 95% • 25%
Court filings or official FTX communication regarding creditor approval rates
Story
Judge Approves FTX's $16 Billion Bankruptcy Plan to Fully Repay Customers in Cash
Oct 7, 2024, 07:19 PM
On October 7, 2024, a U.S. judge approved FTX's Chapter 11 bankruptcy plan, allowing the cryptocurrency exchange to begin repaying customers nearly two years after its collapse. The plan authorizes the distribution of up to $16 billion in recovered assets, fully repaying customers with interest in cash rather than cryptocurrency. Around 94% of creditors voted in favor of the plan, and most will receive at least 118% of their claims. Customers with less than $50,000 should begin receiving payouts by late 2024.
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80% or less • 25%
81% to 90% • 25%
91% to 98% • 25%
99% to 100% • 25%
Plan executed with full distribution • 25%
Plan executed with partial distribution • 25%
Plan delayed • 25%
Plan modified significantly • 25%
Very satisfied • 25%
Satisfied • 25%
Neutral • 25%
Dissatisfied • 25%
Less than 50% • 25%
50% to 75% • 25%
75% to 100% • 25%
100% • 25%
Less than $14.7 billion • 25%
$14.7 billion to $15 billion • 25%
$15 billion to $16.5 billion • 25%
More than $16.5 billion • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Pending decision • 25%
Recovered more than 75% of assets • 25%
Recovered 50-75% of assets • 25%
Recovered less than 50% of assets • 25%
No significant recovery • 25%
Yes • 50%
No • 50%
Less than 50% by end of 2024 • 25%
50%-75% by end of 2024 • 25%
75%-100% by end of 2024 • 25%
100% by end of 2024 • 25%
Less than $1 billion • 25%
$1 billion to $3 billion • 25%
$3 billion to $5 billion • 25%
More than $5 billion • 25%
Less than $10 billion • 25%
$10 billion to $12 billion • 25%
$12 billion to $14 billion • 25%
More than $14 billion • 25%