FTX's well-known creditor Sunil Kavuri stated that FTX's repayment plan will occur on March 25, 2025. At that time, FTX's cash assets will amount to $13 billion, and FTX's investments and litigation recovery assets may total $5 to $7 billion.
(FTX is going to repay! Distribution is expected to start in January 2025, please stay tuned for KYC verification notifications)
Note:
"VC port" may refer to the "Venture Capital portfolio" of FTX or its affiliated entities. This includes equity or investments that FTX or its related entities have in various startups or projects, typically as part of their broader venture capital activities.
The estimated range of "$5 billion to $7 billion" refers to the estimated recoverable value of FTX's venture investments and related assets, which are considered part of the overall asset pool for repaying creditors. These assets may include stakes in cryptocurrency startups, blockchain projects, or other investments made during FTX's operation. These assets will be considered along with potential recovery amounts from lawsuits as an additional source of funds for repaying outstanding claims.
The "FTX Disputed Claims Reserve" has $6.5 billion. This refers to a portion of funds specifically reserved for addressing claims that have not yet received distribution approval due to unresolved disputes. Such disputes may arise from various reasons, such as disagreements over the validity, amount, or priority of claims. Currently, there is no related distribution.
On March 25, 2025, the distribution of $6.5 billion in cash will begin (stablecoins are also an option according to legal documents). Of this, $3.25 billion in claims has already fallen into the hands of claims buyers, while only half of the original FTX customers hold claims.
This article FTX Creditor Sunil: FTX will repay on March 25, 2025, with half of the claims already sold first appeared in Chain News ABMedia.