This comes after PwC sent an email to creditors sharing an update on the liquidation process in conjunction with the official liquidator on behalf of FTX Digital Markets (FDM).

The email reiterates that clients of FTX or FTX International have the option of bringing claims in bankruptcy proceedings in the Bahamas or the United States, and will receive the same compensation at approximately the same time regardless of which one is chosen. In addition, the liquidator stated in the letter:

"At this stage, subject to approval of the Chapter 11 plan, Dotcom (FTX.com) customers are expected to receive distributions of 119 to 143 cents per dollar."

For clients who have submitted a proof of debt claim in a Bahamas proceeding, the FTX Digital Markets liquidators will write in the future to confirm whether the client wishes to continue to have the claim managed, processed, adjudicated and settled in The Bahamas. Customers who have not yet submitted a proof of debt claim in the Bahamas process may do so by the deadline, which is currently expected to be mid-August 2024.

"The specific date and next steps will be confirmed in writing by us after the Chapter 11 debtor's plan of reorganization is approved in court. The current scheduled date for the plan of reorganization hearing is June 25, 2024."

This article FTX liquidator sends a letter to share the liquidation process: creditors expect to recover an additional 19%~43% first appeared on Zombit.