ChainCatcher reported that according to Forbes, FTX will return $11-16 billion to creditors in the fourth quarter of 2024, which may provide significant benefits to the cryptocurrency market (especially Bitcoin, SOL and Solana network cryptocurrencies). Although the specific date is still unclear, FTX proposed that the distribution will be carried out within 60 days after the restructuring plan takes effect.

Currently, the next hearing on the reorganization plan is scheduled for October 7. If approved, FTX will have 60 days to distribute assets to creditors, which means the returned cash will reach previous cryptocurrency buyers sometime before December 7. A large portion of this cash will likely remain in the cryptocurrency ecosystem, with creditors reinvesting the funds in their favorite tokens or ETFs.

Nevertheless, there are still some risks that could undermine this positive event. First, the court's delays could further extend the fund return date. And some FTX creditors are currently dissatisfied with the settlement plan (which only returns cash).