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What will be the outcome of FTX's reorganization plan by December 31, 2024?
3
Resolution / Starting Odds
Plan executed with full distribution • 25%
Plan executed with partial distribution • 25%
Plan delayed • 25%
Plan modified significantly • 25%
Official announcements from FTX or legal filings confirming the outcomes
Story
Judge Dorsey Approves FTX's $16 Billion Plan; 98% of Creditors to Receive 119%
Oct 7, 2024, 07:33 PM
On Monday, U.S. Judge John Dorsey approved FTX's bankruptcy reorganization plan, allowing the collapsed cryptocurrency exchange to repay customers whose assets were locked on the platform since its 2022 collapse. The plan enables FTX to distribute up to $16 billion in recovered assets to customers in cash, with interest. Approximately 98% of creditors voted in favor of the plan, and most will receive about 119% of their allowed claims within 60 days after the plan's effective date. The approval also paves the way for the possible return of $1 billion in seized assets to shareholders. This marks a significant step in resolving the lengthy legal proceedings following FTX's collapse.
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Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Pending decision • 25%
Approval of a new plan • 25%
Sale of significant assets • 25%
Merger with another entity • 25%
Other • 25%
Fully resolved • 25%
Partially resolved • 25%
Ongoing • 25%
Abandoned • 25%
Approved as is • 25%
Modified • 25%
Rejected • 25%
No resolution • 25%
Full liquidation • 25%
Reorganization and relaunch • 25%
Sale to another entity • 25%
Other outcome • 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%
Fully Recovered • 25%
Partially Recovered • 25%
No Recovery • 25%
Pending • 25%
Full recovery • 25%
Partial recovery • 25%
Minimal recovery • 25%
No recovery • 25%
Stablecoins • 25%
Fiat currency • 25%
Other digital assets • 25%
Combination • 25%