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

Coinedition LogoCoinedition14h ago

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

Quick Summary:

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.

FTX announced plans to distribute $16 billion in recovered funds to creditors and customers.

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FTX to Return $16 Billion to Users: Payouts to Start in March 2025 - Coinedition (Picture 1)

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Article Details

Author / Journalist: Izabela Anna

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 06:21:56 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 141 words

Reading Time: 1 minutes read

Sentences: 53 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23758905

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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The story "FTX to Return $16 Billion to Users: Payouts to Start in March 2025" has 141 words across 53 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "FTX to Return $16 Billion to Users: Payouts to Start in March 2025" was covered 14 hours ago by Coinedition, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 10 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #23758905
  • URL: https://beamstart.com/news/ftx-to-return-16-billion-17322600966397

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