According to ChainCatcher, the FTX bankruptcy case file shows that the Delaware Bankruptcy Court will hold a confirmation hearing on FTX's bankruptcy plan at 10:00 EST on October 7 (22:00 BJT).

On that day, the court will consider confirming FTX's proposed Chapter 11 reorganization plan and its related disclosure statement plan. If the court confirms the plan, FTX will be allowed to pay more than 98% of its customers and unsecured creditors "in full with interest" based on the US dollar price of crypto assets on November 11, 2022.

In addition, according to US media Protos, the compensation may be implemented after three "comprehensive hearings" aimed at discussing the merger of multiple claimants into a unified category, scheduled for October 22, November 20 and December 12.

There are currently a lot of rumors on social media that "FTX will start paying out compensation next week", which is false.