Creditors of the collapsed cryptocurrency exchange, FTX, have finally received some good news after nearly two years of uncertainty. The long-awaited reorganization plan is set to begin in January 2025, providing hope for those impacted by one of the most talked-about collapses in crypto history. This crucial step in resolving the chaos surrounding FTX offers a path forward for creditors waiting to reclaim their funds.
FTT/USDT Daily chart- TradingView The current price of FTX Token (FTT) is $2.57 with a 24-hour trading volume of $231.93 million, a market capitalization of $846.82 million, and a market dominance of 0.03%. Over the past 24 hours, FTT’s price has surged by 28.05%. FTX Token (FTT) has been on the rise recently, and it’s no surprise why.
The FTX bankruptcy estate finally provided some clarity, laying out a timeline for creditor and customer reimbursements. With the FTX reorganization plan in motion and initial payouts expected by March 2025, this progress has brought a wave of optimism to a community that’s been in limbo for nearly two years.
What’s also fueling this surge is the estate’s determination to recover as much as possible for creditors. Over the past couple of months, FTX has been busy filing lawsuits against crypto exchanges like KuCoin and Crypto.com, aiming to claw back millions in assets they believe belong to the bankruptcy estate.
These actions are a clear signal that FTX’s leadership isn’t just sitting back—they’re taking active steps to make things right. That kind of commitment is likely giving the market some added confidence in the process. Looking ahead, FTT’s price could keep climbing as we inch closer to the reimbursement dates, especially if the estate continues to show progress.
But let’s not forget—things could go sideways if lawsuits don’t pan out or if there are delays in payouts. For now, though, the rising price of FTT feels like a mix of hope, excitement, and maybe a touch of speculation as the market reacts to these long-awaited updates.
Source
<p>The post FTX Creditors Rejoice: Reorganization Plan Begins in 2025, Boosts FTT Price first appeared on CoinBuzzFeed.</p>
