Rumors circulating within the cryptocurrency community suggesting that FTX's bankruptcy estate will initiate creditor and customer reimbursements starting September 30th have been refuted as inaccurate by Cointelegraph. This is due to the fact that the reimbursement plan has yet to receive court approval. According to FTX's Chapter 11 bankruptcy update filed with the court, a hearing to consider the company's proposed reorganization plan is scheduled for October 7th. If the plan is approved, creditors with claims under $50,000 may receive distributions by the end of this year, while those with claims exceeding that amount may not receive distributions until the first or second quarter of next year. It is important to note that these timelines are subject to change and may be delayed further depending on the complexity of the bankruptcy proceedings and the approval process for the reorganization plan. FTX's bankruptcy estate is currently working to gather and verify creditor claims and develop a comprehensive plan for distributing funds to affected parties.