{"id":378674,"date":"2025-01-17T13:17:20","date_gmt":"2025-01-17T13:17:20","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=378674"},"modified":"2025-01-17T13:17:20","modified_gmt":"2025-01-17T13:17:20","slug":"ftx-distribution-plan-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know","title":{"rendered":"When Will FTX Claims be Paid? What You Need to Know"},"content":{"rendered":"<p>Bankrupt crypto exchange FTX Trading is set to repay <strong>between $14.7 billion to $16.5 billion<\/strong> to its customers and debtors in 2025.<\/p>\n<p>In early January 2025, rumors spread on X (formerly Twitter) that the company had begun the repayments. However, members of the community who have been closely following the debacle refuted the claims.<\/p>\n<p>What\u2019s going on with the FTX distribution? When can the victims of the FTX fraud case expect their distribution? Techopedia answers all these questions, including how to apply for FTX distributions and more.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h2><span id=\"key_takeaways\">Key Takeaways<\/span><\/h2>\n<ul>\n<li>FTX will begin initial distributions within 60 days of January 3, 2025, and FTX customers can expect repayments to begin by March 4, 2025, at the latest.<\/li>\n<li>The company plans to repay 98% of customers who held less than $50,000 in assets within the bankruptcy plan\u2019s effective date.<\/li>\n<li>Creditors will receive about 119% of the amount of their claims, inclusive of interest.<\/li>\n<li>According to PWC, claims are valued based on FTX.com platform records of the closing balances as of 11 November 2022 at 10 am ET.<\/li>\n<\/ul>\n<\/div><\/div>\n<div>\n    <section class=\"toc-sticky w-100 bg-white \">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\"\n                 aria-controls=\"multiCollapse1\"\n                 data-bs-target=\"#multiCollapse1\">\n                <button\n                        class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\"\n                >\n                    <i class=\"icon-chevron-up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n                <span class=\"toc-main-title-permanent\">Table of Contents<\/span>\n            <\/div>\n            <div\n                    class=\"collapse my-3\"\n                    id=\"multiCollapse1\"\n            >\n                <ol class=\"StepProgress\">\n                                                                        <li class=\"StepProgress-item current\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"key_takeaways\"\n                               onclick=handleScrollToTitle(\"key_takeaways\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Key Takeaways<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"when_will_ftx_claims_be_paid\"\n                               onclick=handleScrollToTitle(\"when_will_ftx_claims_be_paid\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">When Will FTX Claims be Paid?<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"will_all_ftx_customers_receive_their_claims\"\n                               onclick=handleScrollToTitle(\"will_all_ftx_customers_receive_their_claims\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Will All FTX Customers Receive Their Claims?<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"ftx_collapse_how_it_happened\"\n                               onclick=handleScrollToTitle(\"ftx_collapse_how_it_happened\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FTX Collapse: How It Happened<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"timeline_of_ftx_collapse_bankruptcy_proceedings\"\n                               onclick=handleScrollToTitle(\"timeline_of_ftx_collapse_bankruptcy_proceedings\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Timeline of FTX Collapse &amp; Bankruptcy Proceedings<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"the_bottom_line\"\n                               onclick=handleScrollToTitle(\"the_bottom_line\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">The Bottom Line<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"faqs\"\n                               onclick=handleScrollToTitle(\"faqs\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"references\"\n                               onclick=handleScrollToTitle(\"references\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">References<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                    <\/ol>\n                <div class=\"toc-sticky__container__disperse\"><\/div>\n                <div class=\"toc-sticky__btn-top justify-content-center\">\n                    <button class=\"btn btn-link d-flex align-items-center\" onclick={btnTop()}><p>Show Full Guide<\/p><img decoding=\"async\"\n                                src=\"\/wp-content\/plugins\/table-of-contents\/assets\/images\/arrow-up-circle.svg\"\n                                alt=\"arrow-up-circle\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n    <div class=\"toc-sticky-list\">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\" aria-controls=\"multiCollapse2\" data-bs-target=\"#multiCollapse2\">\n                <button class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\">\n                    <i class=\"icon-chevron-up up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n            <\/div>\n            <div  class=\"collapse my-3\" id=\"multiCollapse2\">\n                <ol class=\"StepProgress\">\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item current \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"key_takeaways\"\n                                   onclick=handleScrollToTitle(\"key_takeaways\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Key Takeaways<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"when_will_ftx_claims_be_paid\"\n                                   onclick=handleScrollToTitle(\"when_will_ftx_claims_be_paid\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">When Will FTX Claims be Paid?<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"will_all_ftx_customers_receive_their_claims\"\n                                   onclick=handleScrollToTitle(\"will_all_ftx_customers_receive_their_claims\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Will All FTX Customers Receive Their Claims?<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t\n\t\t\t\t\t\t <span class=\"show_moretoc\">Show Full Guide<\/span>\n\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"ftx_collapse_how_it_happened\"\n                                   onclick=handleScrollToTitle(\"ftx_collapse_how_it_happened\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FTX Collapse: How It Happened<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"timeline_of_ftx_collapse_bankruptcy_proceedings\"\n                                   onclick=handleScrollToTitle(\"timeline_of_ftx_collapse_bankruptcy_proceedings\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Timeline of FTX Collapse &amp; Bankruptcy Proceedings<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"the_bottom_line\"\n                                   onclick=handleScrollToTitle(\"the_bottom_line\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">The Bottom Line<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"faqs\"\n                                   onclick=handleScrollToTitle(\"faqs\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FAQs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"references\"\n                                   onclick=handleScrollToTitle(\"references\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">References<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                                    <\/ol>\n            <\/div>\n            <div class=\"toc-sticky__container__disperse\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<script id=\"toc-js\">\n    window.addEventListener(\"DOMContentLoaded\", () => {\n        const header = document.querySelector(\".header_wrapper\");\n\n        const pageLegend = document.querySelector('#multiCollapse1');\n        const pageLegendList = document.querySelector('#multiCollapse2');\n        const pageLegendCollapse = new bootstrap.Collapse(pageLegend, {toggle: document.querySelector(\".toc-sticky\").classList.contains('sticky')});\n\n        \/**\n         * Changing current title\n         *\/\n        (function (pageLegend) {\n            const titleNodes = pageLegend.querySelectorAll('.StepProgress-item__link');\n\n            if (!titleNodes.length) return;\n\n            const titles = [...titleNodes].map((itm, i) => ({\n                id: itm.getAttribute('data-id'),\n                text: itm.textContent,\n                level: itm.getAttribute('data-level'),\n                linkNode: itm,\n                titleNode: document.getElementById(itm.getAttribute('data-id')),\n                index: i,\n            }));\n\n            \/**\n             * Source: https:\/\/www.sitepoint.com\/throttle-scroll-events\/\n             * @param {Function} fn\n             * @param {number} wait\n             * @returns {(function(): void)|*}\n             *\/\n            const throttle = (fn, wait) => {\n                let time = Date.now();\n                return function () {\n                    if ((time + wait - Date.now()) < 0) {\n                        fn();\n                        time = Date.now();\n                    }\n                }\n            }\n\n            const changeCurrentTitle = () => {\n                const documentScrollTop = window.pageYOffset || document.documentElement.scrollTop || document.body.scrollTop || 0;\n                let current = 0;\n\n                \/\/ Title\n                titles.forEach((itm, i) => {\n\t\t\t\t\/\/console.log(itm)\n                    const itmOffsetTop = itm.titleNode ? itm.titleNode.offsetTop - 100 : 0;\n\n                    if (documentScrollTop >= itmOffsetTop) {\n                        document.getElementById('toc-current-title').innerHTML = itm.text;\n                        document.getElementById('toc-current-title').setAttribute('data-current-id', itm.id);\n                        document.getElementById('toc-current-title').setAttribute('data-current-level', itm.level);\n                        current = i;\n                    }\n                })\n\n                \/\/ close all list and open sub list if needed\n                if (document.querySelector(\".toc-sticky\").classList.contains('sticky')) {\n                    document.querySelectorAll('.subList-in-progress').forEach((el) => {\n                        el.children[1].classList.remove('show');\n                        el.getElementsByClassName('icon-chevron-down')[0].classList.remove('up');\n                    });\n                    const currentEl = titles[current];\n                    currentEl.linkNode.classList.add('show');\n                }\n\n                titles.forEach((itm, i) => {\n                    itm.linkNode.parentNode.parentNode.classList.remove('current', 'is-done');\n                    if (current > i) {\n                        itm.linkNode.parentNode.parentNode.classList.add('is-done')\n                    };\n                    if (current === i) {\n                      itm.linkNode.parentNode.parentNode.classList.add('current');\n                    };\n                })\n\n            }\n\n            changeCurrentTitle();\n\n            document.addEventListener('scroll', throttle(changeCurrentTitle, 50));\n        })(pageLegend);\n\n\n        \/**\n         *  Collapse\n         *\/\n        (function (pageLegend, header) {\n            const icon = pageLegend.parentNode.querySelector(\".collapse-action-btn i\");\n\n            const collapseToggle = (status) => (e) => {\n                if (!e.target.isEqualNode(pageLegend)) return;\n\n                icon.classList.toggle(\"up\");\n\n                const containerHeight = pageLegend.getBoundingClientRect().height;\n\n                const showSubtitleContent = () => {\n                    const currentId = document.getElementById('toc-current-title').getAttribute('data-current-id');\n                    const currentLevel = document.getElementById('toc-current-title').getAttribute('data-current-level');\n                    const currentSubTitle = currentLevel == 3 ? document.querySelector(`a[data-id=\"${currentId}\"]`).parentNode.parentNode.parentNode : false;\n\n                    if (!currentSubTitle) return;\n                    new bootstrap.Collapse(currentSubTitle, {toggle: false}).show();\n                }\n\n                showSubtitleContent();\n                if (status === 'shown' && document.querySelector(\".toc-sticky\").classList.contains('sticky') ) {\n                    document.querySelector('html').classList.remove('overflow-hidden');\n                    pageLegend.classList.add('overflow-auto');\n                    pageLegend.style.height = `calc(100vh - ${header.getBoundingClientRect().height + document.querySelector('.toc-sticky__open').getBoundingClientRect().height + 16}px)`;\n                } else if (status === 'hide') {\n                    document.querySelector('html').classList.remove('overflow-hidden');\n                    pageLegend.classList.remove('overflow-auto');\n                    pageLegend.style.height = 'auto';\n                }\n            }\n\n            pageLegend.addEventListener('shown.bs.collapse', collapseToggle('shown'));\n            pageLegend.addEventListener('hide.bs.collapse', collapseToggle('hide'));\n        })(pageLegend, header);\n\n        \/**\n         * Collapse sub-titles\n         *\/\n        (function (pageLegend) {\n            const collapseEls = pageLegend.querySelectorAll('.collapse');\n\n            collapseEls.forEach(function (el) {\n\n                const toggleArrowDirection = function (e) {\n                    if (!e.target.isEqualNode(el)) return;\n\n                    const id = this.getAttribute('id');\n                    document.querySelector(`.collapse-action-btn[data-bs-target=\"#${id}\"] .icon-chevron-down`).classList.toggle('up');\n                }\n                el.addEventListener('shown.bs.collapse', toggleArrowDirection);\n                el.addEventListener('hide.bs.collapse', toggleArrowDirection);\n            })\n        })(pageLegend);\n\n        \/**\n         *  Collapse main title\n         *\/\n        (function (pageLegendList) {\n            const icon = pageLegendList.parentNode.querySelector(\".collapse-action-btn i\");\n\n            const collapseToggle = () => (e) => {\n                if (!e.target.isEqualNode(pageLegendList)) return;\n\n                icon.classList.toggle(\"up\");\n\n            }\n            pageLegendList.addEventListener('shown.bs.collapse', collapseToggle());\n            pageLegendList.addEventListener('hide.bs.collapse', collapseToggle());\n        })(pageLegendList);\n\n        (function (pageLegendList) {\n            const collapseEls = pageLegendList.querySelectorAll('.collapse');\n\n            collapseEls.forEach(function (el) {\n\n                const toggleArrowDirection = function (e) {\n                    if (!e.target.isEqualNode(el)) return;\n\n                    const id = this.getAttribute('id');\n                    document.querySelector(`.toc-sticky-list .collapse-action-btn[data-bs-target=\"#${id}\"] .icon-chevron-down`).classList.toggle('up');\n                }\n                el.addEventListener('shown.bs.collapse', toggleArrowDirection);\n                el.addEventListener('hide.bs.collapse', toggleArrowDirection);\n            })\n        })(pageLegendList);\n\n        \/**\n         * Sticky functionality\n         * Source: https:\/\/stackoverflow.com\/questions\/17893771\/javascript-sticky-div-after-scroll\n         *\/\n        (function (header, pageLegendCollapse) {\n            \/\/ set everything outside the onscroll event (less work per scroll)\n            const target = document.querySelector(\".toc-sticky\");\n            const targetListStatic = document.querySelector(\".toc-sticky-list\");\n\n            if (!target || !header) return;\n\n            const headerHeight = header.getBoundingClientRect().height;\n            const targetHeight = targetListStatic.getBoundingClientRect().height;\n\n            \/\/ -headerHeight so it won't be jumpy\n            const stop = targetListStatic.offsetTop + headerHeight + targetHeight;\n            const docBody =\n                document.documentElement || document.body.parentNode || document.body;\n            const hasOffset = window.pageYOffset !== undefined;\n\n            const applySticky = function () {\n                \/\/ cross-browser compatible scrollTop.\n                const scrollTop = hasOffset ? window.pageYOffset : docBody.scrollTop;\n\n                \/\/ if user scrolls to headerHeight from the top of the target div\n                if (scrollTop >= stop) {\n                    pageLegendCollapse.hide();\n                    \/\/ stick the div\n                    target.classList.add(\"sticky\");\n                    \/\/target.style.marginTop = `${headerHeight}px`;\n                } else {\n                    pageLegendCollapse.show();\n                    \/\/ release the div\n                    target.classList.remove(\"sticky\");\n                    target.style.marginTop = \"\";\n                }\n            }\n\n            applySticky();\n\n            window.addEventListener('scroll', applySticky);\n        })(header, pageLegendCollapse);\n\tjQuery('span.show_moretoc').click(function(){\n\t\tjQuery('span.show_moretoc').hide();\n\t   jQuery('.ms_hidetoc').show();\n\t});\n    });\n\n    \/\/ When the user clicks on the button, scroll to the top of the document\n    function btnTop() {\n        const pageLegend = document.querySelector('#multiCollapse1');\n        document.querySelector('html').classList.remove('overflow-hidden');\n        pageLegend.classList.remove('overflow-auto');\n        pageLegend.style.height = 'auto';\n        window.scrollTo({\n            top: 0,\n            behavior: 'smooth'\n        });\n    }\n\n    const handleScrollToTitle = (id) => {\n        const el = document.getElementById(id);\n        const headerHeightDifference = window.innerWidth < 992 ? -30 : -15;\n        window.scrollTo({\n            top: el.offsetTop - 60 - headerHeightDifference - 10,\n        });\n    }\n<\/script>\n\n<h2><span id=\"when_will_ftx_claims_be_paid\">When Will FTX Claims be Paid?<\/span><\/h2>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<p><strong>FTX Distribution Date: Must Start Before March 4, 2025<\/strong><\/p>\n<\/div><\/div>\n<p>FTX customers can expect repayments to begin by March 4, 2025, at the latest. According to an official <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-clarifies-certain-statements-by-backpack-regarding-backpacks-purported-acquisition-of-ftx-eu-302346394.html\" target=\"_blank\">press release<\/a>, FTX will begin initial distributions within 60 days of January 3, 2025.<\/p>\n<p>The company plans to repay 98% of customers who held less than $50,000 in assets within the bankruptcy plan\u2019s effective date (January 3, 2025). Creditors will receive about 119% of the amount of their claims, inclusive of interest.<\/p>\n<p>Law firm and legal counsel of FTX debtors Sullivan &amp; Cromwell explained the complexities of the FTX bankruptcy proceeding, which started in November 2022, <a href=\"https:\/\/www.sullcrom.com\/About\/Rankings\/2025\/January\/FTX-Emerges-Bankruptcy-Under-14-Billion-Plan#:~:text=Just%20over%20two%20years%20after,allowed%20claims%20within%2060%20days.\" target=\"_blank\">saying<\/a>:<\/p>\n<p>\u201c\u200b\u200bUnprecedented in light of FTX\u2019s total lack of reliable financial reporting, accounting, or governance systems, the case involved dozens of governmental investigations, hundreds of transactions and litigation disputes, and millions of international creditor claims.<\/p>\n<p>\u201cIt also required multiple complex settlements with competing creditor and customer groups, the IRS, the CFTC, the Department of Justice, numerous states and foreign governments, and seven other insolvency proceedings around the world.\u201d<\/p>\n<p>To be eligible to receive FTX distributions, claimants must have created an account with the distribution agent, complete <a href=\"https:\/\/www.techopedia.com\/definition\/know-your-customer-kyc\">know-your-customer<\/a> (KYC) verification, and submit the required tax forms before January 20, 2025. However, missing this date only means you miss the first distribution round.<\/p>\n<p>Digital asset management company BitGo and crypto exchange Kraken are listed as the distribution agents for the FTX distribution.<\/p>\n<p>For more information, visit the <a href=\"https:\/\/support.ftx.com\/hc\/en-us\/articles\/33190623459092-General-Information-on-Distribution-Service-Providers\" target=\"_blank\">FTX Support page<\/a>.<\/p>\n<h2><span id=\"will_all_ftx_customers_receive_their_claims\">Will All FTX Customers Receive Their Claims?<\/span><\/h2>\n<p>There is uncertainty whether FTX\u2019s former customer based in Europe will receive distributions.<\/p>\n<p>On January 7, 2025, Dubai-based crypto exchange Backpack <a href=\"https:\/\/www.prnewswire.com\/news-releases\/backpack-announces-acquisition-of-ftx-eu-expands-crypto-trading-across-europe-302342755.html\" target=\"_blank\">announced<\/a> that it acquired FTX EU &#8211; the European arm of the fallen FTX exchange.<\/p>\n<p>In the same announcement, Backpack said Backpack EU will undertake responsibility for distributing the court-approved FTX bankruptcy claims to FTX EU customers.<\/p>\n<p>Backpack added that the reactivation of the European license is underway, and it plans to launch Backpack EU by the first quarter of 2025.<\/p>\n<p>A day later, FTX revealed that the company and the United States Bankruptcy Court for the District of Delaware were unaware of the sale. The company added that the court did not approve Backpack&#8217;s acquisition of FTX EU.<\/p>\n<p>It was disclosed that Backpack had not been authorized to make distributions to FTX customers and other creditors.<\/p>\n<p>\u201cBackpack has no involvement in the U.S. bankruptcy-approved process for returning funds to FTX creditors. FTX (is) not responsible for repayment of any funds owed by FTX EU to its former customers,\u201d read the official press release.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Backpack has acquired FTX EU and its MiFID II License.<\/p>\n<p>Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products.<\/p>\n<p>Crypto perps trading is coming back to Europe \ud83c\uddea\ud83c\uddfa <a href=\"https:\/\/t.co\/ExxYFufZHj\" target=\"_blank\">pic.twitter.com\/ExxYFufZHj<\/a><\/p>\n<p>&mdash; Backpack \ud83c\udf92 (@Backpack) <a href=\"https:\/\/twitter.com\/Backpack\/status\/1876549869055431010?ref_src=twsrc%5Etfw\" target=\"_blank\">January 7, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span id=\"ftx_collapse_how_it_happened\">FTX Collapse: How It Happened<\/span><\/h2>\n<p>In 2022, FTX was the third-largest crypto exchange in the world, with over a million users. The exchange\u2019s collapse unfolded when crypto publication <i>CoinDesk <\/i>reported in November 2022 that trading firm Alameda Research &#8211; FTX\u2019s sister firm co-founded by <a href=\"https:\/\/www.techopedia.com\/the-sam-bankman-fried-saga-from-crypto-tycoon-to-alleged-fraudster\">Sam Bankman-Fried<\/a> (SBF) &#8211; held a significant portion of its assets in FTX\u2019s issued FTT token.<\/p>\n<p>The close relationship between FTX and Alameda had already drawn suspicion by the time following a <i>Bloomberg<\/i> report that Alameda functioned as a market maker for FTX.<\/p>\n<p>The <i>Coindesk<\/i> article triggered customers to withdraw their funds from the exchange. A few days after the publication, Binance co-founder and then-CEO Changpeng Zhao announced plans to sell all of the firm\u2019s FTT token holdings. The announcement aggravated the situation, causing a bank run on the FTX exchange.<\/p>\n<p>On November 11, 2022, FTX, Alameda, and over 100 affiliated companies filed for bankruptcy.<\/p>\n<h2><span id=\"timeline_of_ftx_collapse_bankruptcy_proceedings\">Timeline of FTX Collapse &amp; Bankruptcy Proceedings<\/span><\/h2>\n<div class=\"su-table su-table-responsive su-table-alternate\">\n<table>\n<tbody>\n<tr>\n<th><strong>Date<\/strong><\/th>\n<th><strong>Events<\/strong><\/th>\n<\/tr>\n<tr>\n<td>November 2, 2022<\/td>\n<td>CoinDesk report on Alameda\u2019s FTT holdings<\/td>\n<\/tr>\n<tr>\n<td>November 9, 2022<\/td>\n<td>FTX halts withdrawals<\/td>\n<\/tr>\n<tr>\n<td>November 10, 2022<\/td>\n<td>SBF tweets that FTX\u2019s US customers need not worry<\/td>\n<\/tr>\n<tr>\n<td>November 11, 2022<\/td>\n<td>FTX, Alameda, and over 100 affiliated companies file for bankruptcy.<\/td>\n<\/tr>\n<tr>\n<td>November 17, 2022<\/td>\n<td>It is revealed that corporate funds were used to purchase homes for employees.<\/td>\n<\/tr>\n<tr>\n<td>December 12, 2022<\/td>\n<td>SBF arrested in the Bahamas.<\/td>\n<\/tr>\n<tr>\n<td>November 3, 2023<\/td>\n<td>SBF convicted of fraud<\/td>\n<\/tr>\n<tr>\n<td>March 28, 2024<\/td>\n<td>SBF sentenced to 25 years in prison.<\/td>\n<\/tr>\n<tr>\n<td>October 7, 2024<\/td>\n<td>US bankruptcy court approves plans of reorganization<\/td>\n<\/tr>\n<tr>\n<td>December 16, 2024<\/td>\n<td>FTX distribution plan begins: January 3, 2025 set as the initial distribution record date.<\/td>\n<\/tr>\n<tr>\n<td>January 7, 2025<\/td>\n<td>Dubai-based crypto exchange Backpack announced that it acquired FTX EU &#8211; the European arm of the fallen FTX exchange.<\/td>\n<\/tr>\n<tr>\n<td>January 8, 2025<\/td>\n<td>FTX says it is not responsible for repaying any funds FTX EU owed to its former customers.<\/td>\n<\/tr>\n<tr>\n<td>January 20, 2025<\/td>\n<td>First cut-off date to create an account with the distribution agent, complete know-your-customer (KYC) verification and submit required tax forms.<\/td>\n<\/tr>\n<tr>\n<td>March 4, 2025<\/td>\n<td>FTX will begin initial distributions by this date \u2014 within 60 days of January 3, 2025.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span id=\"the_bottom_line\">The Bottom Line<\/span><\/h2>\n<p>The FTX bankruptcy proceedings have drawn mixed reactions from the crypto community. Many have praised the involved parties for solving the complex process and providing clarity to debtors.<\/p>\n<p>However, FTX\u2019s former customers are set to suffer losses as <a href=\"https:\/\/www.pwc.com\/bs\/en\/services\/business-restructuring-ftx-digital-markets\/faqs.html\" target=\"_blank\">the claims are valued based on cryptocurrency prices on November 11, 2022<\/a>.<\/p>\n<p><a href=\"https:\/\/www.techopedia.com\/definition\/27193\/bitcoin-btc\">Bitcoin<\/a> (BTC) prices closed at about $17,000 on November 11, 2022. As of January 17, 2024, BTC traded over $101,700, an increase of nearly 500% from November 11, 2022.<\/p>\n<h2><span id=\"faqs\">FAQs<\/span><\/h2>\n<div class=\"man_faq_sec\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><\/time><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">When do FTX repayments start?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">FTX will begin repaying customers by March 4, 2025, with initial distributions occurring within 60 days of January 3, 2025.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What value of claims will FTX customers receive?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">FTX claims are valued based on platform balances as of November 11, 2022, at 10:00 am ET, with creditors receiving about 119% of their claims.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Will all FTX customers receive their claims?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">FTX EU customers are excluded from U.S. bankruptcy distributions; Backpack EU claims responsibility for EU repayments, but disputes remain unresolved.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How much money will FTX repay to its customers and creditors?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">FTX is set to repay between $14.7 billion and $16.5 billion, covering 98% of small claims under $50,000.<\/p>\r\n                <\/div><\/div><\/section>\n<div class=\"reference-content\">\n<div class=\"reference-heading reference-content-collapsible-heading\">\n<h2><span id=\"references\">References<\/span><\/h2>\n<\/div>\n<div class=\"reference-content-body\">\n<ol>\n<li><a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-clarifies-certain-statements-by-backpack-regarding-backpacks-purported-acquisition-of-ftx-eu-302346394.html\" target=\"_blank\">FTX Clarifies Certain Statements by Backpack Regarding Backpack&#8217;s Purported Acquisition of FTX EU<\/a> (Prnewswire)<\/li>\n<li><a href=\"https:\/\/www.sullcrom.com\/About\/Rankings\/2025\/January\/FTX-Emerges-Bankruptcy-Under-14-Billion-Plan#:~:text=Just%20over%20two%20years%20after,allowed%20claims%20within%2060%20days.\" target=\"_blank\">FTX Emerges from Bankruptcy Under $14+ Billion Plan | Sullivan &amp; Cromwell LLP<\/a> (Sullcrom)<\/li>\n<li><a href=\"https:\/\/support.ftx.com\/hc\/en-us\/articles\/33190623459092-General-Information-on-Distribution-Service-Providers\" target=\"_blank\">General Information on Distribution Service Providers \u2013 FTX<\/a> (Support.ftx)<\/li>\n<li><a href=\"https:\/\/www.prnewswire.com\/news-releases\/backpack-announces-acquisition-of-ftx-eu-expands-crypto-trading-across-europe-302342755.html\" target=\"_blank\">Backpack Announces Acquisition of FTX EU, Expands Crypto Trading Across Europe<\/a> (Prnewswire)<\/li>\n<li><a href=\"https:\/\/www.pwc.com\/bs\/en\/services\/business-restructuring-ftx-digital-markets\/faqs.html\" target=\"_blank\">FTX Digital Markets Ltd. (in Provisional Liquidation): Frequently asked questions<\/a> (Pwc)<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Bankrupt crypto exchange FTX Trading is set to repay between $14.7 billion to $16.5 billion to its customers and debtors in 2025. In early January 2025, rumors spread on X (formerly Twitter) that the company had begun the repayments. However, members of the community who have been closely following the debacle refuted the claims. What\u2019s [&hellip;]<\/p>\n","protected":false},"author":286557,"featured_media":378689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[601],"tags":[],"category_partsoff":[],"class_list":["post-378674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When Will FTX Claims be Paid? What You Need to Know - Techopedia<\/title>\n<meta name=\"description\" content=\"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When Will FTX Claims be Paid? What You Need to Know\" \/>\n<meta property=\"og:description\" content=\"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-17T13:17:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"686\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mensholong Lepcha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@techopedia\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mensholong Lepcha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\"},\"author\":{\"name\":\"Mensholong Lepcha\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/7cbd52e25b530c379bb0531645d987af\"},\"headline\":\"When Will FTX Claims be Paid? What You Need to Know\",\"datePublished\":\"2025-01-17T13:17:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\"},\"wordCount\":1181,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg\",\"articleSection\":\"\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\",\"url\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\",\"name\":\"When Will FTX Claims be Paid? What You Need to Know - Techopedia\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg\",\"datePublished\":\"2025-01-17T13:17:20+00:00\",\"description\":\"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg\",\"width\":1200,\"height\":686,\"caption\":\"Office desk piled high with documents and paperwork, overlooking a city skyline at night.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.techopedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cryptocurrency\",\"item\":\"https:\/\/www.techopedia.com\/cryptocurrency\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Blockchain\",\"item\":\"https:\/\/www.techopedia.com\/topic\/321\/blockchain\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"When Will FTX Claims be Paid? What You Need to Know\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.techopedia.com\/#website\",\"url\":\"https:\/\/www.techopedia.com\/\",\"name\":\"Techopedia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.techopedia.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.techopedia.com\/#organization\",\"name\":\"Techopedia\",\"url\":\"https:\/\/www.techopedia.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"caption\":\"Techopedia\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/techopedia\/\",\"https:\/\/x.com\/techopedia\",\"https:\/\/www.linkedin.com\/company\/techopedia\/\",\"https:\/\/www.youtube.com\/c\/Techopedia\"],\"publishingPrinciples\":\"https:\/\/www.techopedia.com\/about\/editorial-policy\",\"ownershipFundingInfo\":\"https:\/\/www.techopedia.com\/about\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/7cbd52e25b530c379bb0531645d987af\",\"name\":\"Mensholong Lepcha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/06\/avatar_user_286557_1686590390-300x300.jpeg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/06\/avatar_user_286557_1686590390-300x300.jpeg\",\"caption\":\"Mensholong Lepcha\"},\"description\":\"Mensholong is an experienced crypto and blockchain journalist, now a full-time writer at Techopedia. He has previously contributed news coverage and in-depth market analysis to Capital.com, StockTwits, XBO, and other publications. He began his writing career at Reuters in 2017, covering global equity markets. In his spare time, Mensholong enjoys watching soccer, finding new music, and buying BTC and ETH for his crypto portfolio.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/mensholong-lepcha-85049a119\/\"],\"knowsAbout\":[\"Crypto & Blockchain Writer\"],\"url\":\"https:\/\/www.techopedia.com\/contributors\/mensholonglepcha\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"When Will FTX Claims be Paid? What You Need to Know - Techopedia","description":"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"When Will FTX Claims be Paid? What You Need to Know","og_description":"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.","og_url":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know","og_site_name":"Techopedia","article_publisher":"https:\/\/www.facebook.com\/techopedia\/","article_published_time":"2025-01-17T13:17:20+00:00","og_image":[{"width":1200,"height":686,"url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg","type":"image\/jpeg"}],"author":"Mensholong Lepcha","twitter_card":"summary_large_image","twitter_creator":"@techopedia","twitter_site":"@techopedia","twitter_misc":{"Written by":"Mensholong Lepcha","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#article","isPartOf":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know"},"author":{"name":"Mensholong Lepcha","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/7cbd52e25b530c379bb0531645d987af"},"headline":"When Will FTX Claims be Paid? What You Need to Know","datePublished":"2025-01-17T13:17:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know"},"wordCount":1181,"commentCount":0,"publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"image":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg","articleSection":"","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/www.techopedia.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know","url":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know","name":"When Will FTX Claims be Paid? What You Need to Know - Techopedia","isPartOf":{"@id":"https:\/\/www.techopedia.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage"},"image":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg","datePublished":"2025-01-17T13:17:20+00:00","description":"FTX will begin initial distributions between now and the deadline of March 4, 2025. The company plans to repay 98% of customers who held less than $50,000 in assets.","breadcrumb":{"@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#primaryimage","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/01\/When-Will-FTX-Claims-be-Paid-What-You-Need-to-Know.jpg","width":1200,"height":686,"caption":"Office desk piled high with documents and paperwork, overlooking a city skyline at night."},{"@type":"BreadcrumbList","@id":"https:\/\/www.techopedia.com\/ftx-distribution-plan-what-you-need-to-know#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techopedia.com\/"},{"@type":"ListItem","position":2,"name":"Cryptocurrency","item":"https:\/\/www.techopedia.com\/cryptocurrency"},{"@type":"ListItem","position":3,"name":"Blockchain","item":"https:\/\/www.techopedia.com\/topic\/321\/blockchain"},{"@type":"ListItem","position":4,"name":"When Will FTX Claims be Paid? What You Need to Know"}]},{"@type":"WebSite","@id":"https:\/\/www.techopedia.com\/#website","url":"https:\/\/www.techopedia.com\/","name":"Techopedia","description":"","publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techopedia.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.techopedia.com\/#organization","name":"Techopedia","url":"https:\/\/www.techopedia.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","caption":"Techopedia"},"image":{"@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/techopedia\/","https:\/\/x.com\/techopedia","https:\/\/www.linkedin.com\/company\/techopedia\/","https:\/\/www.youtube.com\/c\/Techopedia"],"publishingPrinciples":"https:\/\/www.techopedia.com\/about\/editorial-policy","ownershipFundingInfo":"https:\/\/www.techopedia.com\/about"},{"@type":"Person","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/7cbd52e25b530c379bb0531645d987af","name":"Mensholong Lepcha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/06\/avatar_user_286557_1686590390-300x300.jpeg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/06\/avatar_user_286557_1686590390-300x300.jpeg","caption":"Mensholong Lepcha"},"description":"Mensholong is an experienced crypto and blockchain journalist, now a full-time writer at Techopedia. He has previously contributed news coverage and in-depth market analysis to Capital.com, StockTwits, XBO, and other publications. He began his writing career at Reuters in 2017, covering global equity markets. In his spare time, Mensholong enjoys watching soccer, finding new music, and buying BTC and ETH for his crypto portfolio.","sameAs":["https:\/\/www.linkedin.com\/in\/mensholong-lepcha-85049a119\/"],"knowsAbout":["Crypto & Blockchain Writer"],"url":"https:\/\/www.techopedia.com\/contributors\/mensholonglepcha"}]}},"modified_by":"arina livanenkova","_links":{"self":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/378674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/users\/286557"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/comments?post=378674"}],"version-history":[{"count":4,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/378674\/revisions"}],"predecessor-version":[{"id":378706,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/378674\/revisions\/378706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media\/378689"}],"wp:attachment":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media?parent=378674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/categories?post=378674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/tags?post=378674"},{"taxonomy":"category_partsoff","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/category_partsoff?post=378674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}