FTX Digital bankruptcy liquidators plan to distribute funds to creditors by the end of 2024

BlockBeats news, on April 1, according to the minutes of the joint official liquidator meeting of FTX Digital in the Bahamas, the FTX bankruptcy estate set a goal of beginning to repay customers by the end of 2024, that is, by the end of 2024, the first tranche of funds will be distributed to creditors. FTX's bankruptcy consists of two separate proceedings running in parallel - a Chapter 11 bankruptcy being adjudicated in a U.S. court in Delaware, and FTX Digital's official liquidation proceedings, and both parties have agreed to work together so that creditors can file claims against either entity A claim is made, and no creditor receives less than he or she deserves. The deadline for creditors to elect one of the two bankruptcy proceedings and file claims is currently set for May 15, although the "Bahamas claim", like the Chapter 11 claim, will be filed on November 11, 2022 (the original date of the bankruptcy claim). ) to make a claim based on the valuation.