Assets recovered by the bankrupt crypto exchange FTX are set to be distributed to creditors through a Chapter 11 plan of reorganization, as announced by the exchange on its official Twitter page. The process of distribution will be supervised by the United States Department of Justice, and creditors can expect 100% of the recovered assets to be returned. FTX will also seek the department's approval to establish a system for resolving disputes between creditors and preferred equity holders. A Chapter 11 (bankruptcy protection) update filed with the court previously reveals that a hearing on the Chapter 11 plan of reorganization is scheduled for October 7, 2023. The FTX Debtors had earlier clarified rumors of creditor repayment disbursements, emphasizing that "no distribution plan has yet been approved by the Court." Now, with the Justice Department's approval, FTX can commence the procedures to return funds to creditors. This move brings hope to those affected by the collapse of the exchange, as they eagerly await the recovery of their assets.