FTX has announced that its bankruptcy plan took effect on January 03, 2025. This marks a pivotal moment in the process of attempting to repay creditors. The same day, registration opened for approved claims under the ‘Convenience Classes’ category.

The refund process is already underway two years post-collapse. Customers with valid claims should expect the first refunds within 60 days. Priority is given to claims under 50,000 USD, as outlined in the bankruptcy plan approved in October.

Analysts predict that FTX’s repayment could inject substantial liquidity into the crypto market, potentially driving up prices. The plan targets a 119% return of declared asset value, benefiting approximately 98% of users. Larger payoff arrangements may extend beyond the year, primarily affecting claims over 50,000 USD.