{"id":138346,"date":"2024-10-02T15:00:18","date_gmt":"2024-10-02T12:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138346"},"modified":"2024-10-02T11:55:41","modified_gmt":"2024-10-02T08:55:41","slug":"ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/","title":{"rendered":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support"},"content":{"rendered":"<p>This plan, which has garnered approval from an ad hoc committee, aims to provide relief to those who suffered losses during the firm\u2019s downfall.<\/p>\n<p>Support from creditors has been notably strong, with 94% of those voting from the \u201cdot com customer entitlement claims\u201d class endorsing the proposal. Out of 66 committee members, all voted in favor, marking a significant advancement toward asset distribution for FTX creditors.<\/p>\n<p>Kroll Restructuring Administration, responsible for overseeing the voting process, reported overwhelming support across nearly all creditor categories. The two classes that did not vote are presumed supportive, leading analysts to suggest that the confirmation hearing set for October 7 may simply be a procedural formality.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/edward-snowden-calls-for-digital-privacy-revolution-through-cryptocurrency\/\" title=\"Edward Snowden Calls for Digital Privacy Revolution Through Cryptocurrency\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_190916-edward-snowden_new-ac-845p-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Edward Snowden Calls for Digital Privacy Revolution Through Cryptocurrency<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Analyst Tom Dunleavy anticipates that distributions could begin within 4 to 8 weeks, aiming for completion by year\u2019s end for all registered claims. Reports indicate that repayments will start following three upcoming hearings on October 22, November 20, and December 12.<\/p>\n<p>For allocations, 89.1% of those with \u201cUS customer entitlement claims\u201d are set to receive approximately $60.99 million, while 95.88% of creditors in the \u201cdotcom convenience claims\u201d category will obtain about $223.59 million. Most creditors are expected to recover at least 118% of their claims in cash.<\/p>\n<p>However, it\u2019s important to note that these figures are based on the cryptocurrency values at the time of claim submission, which means creditors may incur losses due to fluctuations in market prices since then.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate $6 billion to affected users, specifically targeting those impacted by its 2022 collapse.<\/p>\n","protected":false},"author":3,"featured_media":32024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-138346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support<\/title>\n<meta name=\"description\" content=\"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support\" \/>\n<meta property=\"og:description\" content=\"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-02T12:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"676\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support\",\"datePublished\":\"2024-10-02T12:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\"},\"wordCount\":235,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg\",\"articleSection\":[\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\",\"name\":\"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg\",\"datePublished\":\"2024-10-02T12:00:18+00:00\",\"description\":\"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg\",\"width\":1200,\"height\":676,\"caption\":\"ftx\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support","description":"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/","og_locale":"en_US","og_type":"article","og_title":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support","og_description":"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...","og_url":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-10-02T12:00:18+00:00","og_image":[{"width":1200,"height":676,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support","datePublished":"2024-10-02T12:00:18+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/"},"wordCount":235,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg","articleSection":["Others"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/","url":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/","name":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg","datePublished":"2024-10-02T12:00:18+00:00","description":"Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate ...","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ftx.jpeg","width":1200,"height":676,"caption":"ftx"},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/ftx-plans-6-billion-distribution-to-affected-users-after-strong-creditor-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=138346"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138346\/revisions"}],"predecessor-version":[{"id":138347,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138346\/revisions\/138347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/32024"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=138346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=138346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=138346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}