Three years after FTX’s November 2022 bankruptcy, a reorganization plan began on January 3, enabling user repayments to start.
Creditors must complete tax documents and onboard with BitGo or Kraken to receive initial payouts, with FTX aiming to repay up to 98% of losses and some creditors recovering up to 119%.
In the wake of one of the most significant collapses in the cryptocurrency space, FTX, once a major player in the digital asset market, has laid out a reorganization plan aimed at repaying affected users. The company, which filed for bankruptcy in November 2022, has been working diligently to recover and restructure its operations amid ongoing legal proceedings.
FTX has between $14.7 billion and $16.5 billion available to repay its customers and creditors. In October 2024, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware approved the company’s reorganization plan, outlining a timeline to reimburse 98% of users, with some receiving up to 119% of the

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