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Will FTX face legal disputes during $16 billion payouts by March 3, 2025?
3
Resolution / Starting Odds
No legal disputes • 25%
Minor legal disputes • 25%
Major legal disputes resolved within timeframe • 25%
Major legal disputes unresolved by March 3, 2025 • 25%
Court filings or legal news outlets
Story
FTX Plans $16 Billion Bankruptcy Payouts via BitGo and Kraken, Starting January 3, 2025, Within 60 Days
Dec 16, 2024, 05:43 PM
FTX has announced that its Chapter 11 plan of reorganization will become effective on January 3, 2025, which also serves as the record date for initial distributions to creditors. The company plans to distribute approximately $16 billion to creditors within 60 days following this effective date. FTX will utilize stablecoins for these payouts, partnering with BitGo and Kraken exchanges to facilitate the process. The first distributions are expected to occur by early March 2025. This announcement comes as part of FTX's ongoing efforts to resolve its bankruptcy proceedings and return funds to affected customers.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
With a government entity • 25%
With a corporate entity • 25%
With individual investors • 25%
No major settlement • 25%
