FTX's bankruptcy estate has announced a timeline for creditor and customer reimbursements, aiming for completion by January 2025, with initial payouts expected in March 2025. In early December, FTX will collaborate with distribution agents to manage the payout process. Interim CEO John J. Ray III emphasized efforts to return funds swiftly. Despite a US judge's approval of the reorganization plan, some creditors are dissatisfied, leading to lawsuits to recover more assets. Recent legal actions target exchanges like KuCoin and Crypto.com, and individuals like Anthony Scaramucci, seeking to reclaim significant funds.
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