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<ul class="wp-block-list news-points">
 <li>FTX to distribute $16 billion to creditors after Chapter 11 Plan approval in 2025.</li>
 <li>Customers must complete KYC and tax forms to receive FTX distributions by March 2025.</li>
 <li>Legal outcomes for FTX leaders underscore accountability amid ongoing creditor recoveries.</li>
</ul>
FTX announced plans to distribute <a href="https://www.prnewswire.com/news-releases/ftx-provides-update-on-upcoming-timeline-for-creditor-and-customer-distributions-302313274.html?tc=eml_cleartime" target="_blank" rel="noopener noreferrer nofollow">$16 billion in recovered funds</a> to creditors and customers. The company expects to complete its Chapter 11 Plan of Reorganization by January 2025, with initial payouts beginning by March 2025.
This will mark a significant step in the exchange’s efforts to recover from its collapse and compensate affected parties. The process, however, involves global distribution agents and requires comprehensive legal approvals.
<h2 class="wp-block-heading" id="h-distribution-agent-arrangements-advancing">Distribution Agent Arrangements Advancing</h2>
<a href="https://coinedition.com/gary-wang-ftx-co-founder-pleads-for-non-custodial-sentence/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">FTX has outlined </a>specific steps to finalize its reorganization plan, aiming to confirm arrangements with specialized distribution agents by December 2024. These agents will manage the recovery process across supported jurisdictions.&nbsp;
FTX anticipates announcing the effective date for the plan by the end of December, pending court approval of its Disputed Claims Reserve Amount.
<h2 class="wp-block-heading" id="h-claim-requirements-and-transparency-measures">Claim Requirements and Transparenc…</h2>
The post <a href="https://coinedition.com/ftx-to-return-16-billion-to-users-payouts-to-start-in-march-2025/" rel="noopener noreferrer nofollow">FTX to Return $16 Billion to Users: Payouts to Start in March 2025</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX to Return $16 Billion to Users: Payouts to Start in March 2025

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