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This is rumored to start Monday - institutions first. Per Marty Party

This could help Crypto

Over half of this money will go right back into the assets it was in.

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Kreiger

Would the start of repayment mean selling off their current shares of SOL and other assets? Then consequently, wouldn’t that cause a dip in crypto prices first but, bounce back after the re-buyin.

Vikrum Tatla

James mentioned on DCA live that the distributions are just in cash. No crypto needs to be sold first. So all upside

Rheece

Seriously, stop reporting this information. It is incredibly false and could harm creditors clicking a scam email. Believe me, I am a creditor and have explained it well in the BTC channel on Discord.

Magicmurph

Probably most of the people are already back. Alot will not return because they were burned. They liquidated them at the worse time. So they are getting back a quarter of what they would have had.

Sasha

Anyone know how the funds are being returned? Is it stable coin or USD?

Indigo Hammer

FTX to set aside $230M for shareholders, not creditors, from gov forfeiture process.

McAldo

From Ran Neuner : FTX DISTRIBUTIONS DO NOT BEGIN TOMORROW. Here are the facts:⁠ ⁠ - October 7, 2024 court hearing will take place to confirm FTX's Chapter 11 plan of reorganization. - ⁠⁠If approved, it will pave the way for repayments to begin. - Post-Hearing Payments: Payments are expected to occur following additional hearings scheduled for October 22, November 20, and December 12, 2024 - Distributions would start within 60 days of the plan becoming effective, but only for claimants <$50k. Bigger claimants will get distributions in Q1 2025 at earliest.

RivalTek

Turn up the liquidity spigots

mrcanning

I hope Sam Bankman is enjoying his bunk buddy and it was all worth it.

GloMa

👍🏻👍🏻