FTX’s prominent creditor, Sunil Kavuri, has stated that FTX’s repayment plan will occur on March 25, 2025. At that time, FTX’s cash assets will amount to $13 billion, while the recovery of FTX’s investments and litigation may result in $5-7 billion.
(FTX is repaying its debts! Distribution is expected to commence in January 2025. Please pay attention to KYC verification notifications.)
“VC port” may refer to FTX or its affiliated entities’ “Venture Capital portfolio.” This includes FTX or its related entities’ equity or investments in various startups or projects, typically as part of their broader venture capital activities.
The valuation range of “$5 billion to $7 billion” refers to the estimated recoverable value of FTX’s venture capital investments and related assets, which are considered part of the overall asset pool for creditor repayment. These assets may include holdings in cryptocurrency startups, blockchain projects, or other investments made during FTX’s operation. These assets will be considered along with the potential recovery amount from litigation as additional sources of funds for repaying outstanding claims.
The “FTX Disputed Claims Reserve” holds $6.5 billion. This refers to a portion of funds specifically reserved for handling claims that have not received immediate distribution approval due to unresolved disputes. Such disputes can arise from various reasons, such as disagreements over the validity, amount, or priority of the claims. Currently, no related distributions have been made.
On March 25, 2025, $6.5 billion in cash (with stablecoins also being an option according to legal documents) will begin to be distributed. Among this amount, $3.25 billion in claims has already been acquired by claim buyers, leaving FTX’s original clients with only half of their claims.