FTX collapsed in 2022, but users will soon start receiving payments via Kraken and BitGo. The court approved the bankruptcy plan, which will go into effect on January 3, 2025. 💸

Customers will be able to choose to be paid in stablecoins. Despite criticism, 94% of creditors supported the plan. FTX recovered $16 billion in assets, and former CEO Sam Bankman-Fried received 25 years for fraud.