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- Rumors that FTX will refund customers on September 30, 2024 are false. The plan has not been approved by the court.
- The next court hearing confirms the restructuring plan on October 7, 2024. If approved, those with claims under $50,000 could receive their money by the end of 2024. Those with larger claims would have to wait until 2025.
- The current plan is being opposed by creditors, who are demanding refunds in assets rather than cash to avoid a tax event.
- The price of BTC at the time of the legal filing was around $16,000, meaning customers would only receive about a quarter of their original value.
- Markus Thielen of 10x Research believes that the FTX refund could be a positive signal for the market, with $5 billion to $8 billion in inflows pushing the price up.
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