FTX Responds to Creditors Eyeing Risky Estate Asset Bets: What\'s Next?

The FTX bankruptcy saga continues, with tensions rising between the estate\'s administration and its creditors. Lawyers for FTX have fired back at creditors who criticized the bankrupt estate\'s proposed reorganization plan. The core of the dispute? Creditors are apparently "eyeing risky estate asset bets," leading to concerns about the long-term viability of repayment strategies. FTX\'s administration alleges the creditors are willing to jeopardize the overall recovery for potentially higher, but riskier, returns.

Criticism and Concerns Over Fees:

Adding fuel to the fire, One client from France leveled criticism against the estate, accusing them of “draining creditor funds due to exorbitant charges for their services." This sentiment echoes broader concerns among creditors about the costs associated with the ongoing bankruptcy proceedings and whether those costs are ultimately impacting their potential recovery.

SEC\'s Stance and Regulatory Uncertainty:

Despite the criticisms, the FTX repayment plan is moving forward. As noted on 2 de sept. de 2025, "In a new official court filing, the SEC acknowledges that FTX’s Chapter 11 repayment plan may not be illegal while maintaining that the regulatory agency has the right to..." This cautious acceptance from the SEC doesn\'t eliminate all uncertainty, but it does signal progress towards a resolution. The plan\'s detractors are still vocal, however, highlighting the complex legal and regulatory landscape surrounding the collapsed crypto exchange.

Repayment Timeline and Progress:

Good news for creditors may be on the horizon. The FTX bankruptcy estate updated its timeline for creditor and customer reimbursements, with initial payouts expected to kick off in March 2025. With the reorganization plan now greenlit, FTX creditors can expect to receive their permitted claims within 60 days, putting the official start of repayment on pace for the timeline. This development offers a glimmer of hope after a long period of uncertainty.

Caroline Ellison\'s Contribution:

Adding to the potential pool of assets, Caroline Ellison, the former CEO of Alameda Research, has agreed to give up most of her assets to help pay back FTX creditors as part of a settlement. This represents a significant step towards recouping lost funds and compensating those affected by the FTX collapse.

Negotiations and Restructuring:

The ongoing dispute has raised uncertainties about the near-term prospects of negotiations involving stakeholders, aimed at implementing a restructuring plan to address the complexities of the bankruptcy. Resolving these disputes and reaching a consensus among creditors, the estate, and regulatory bodies will be crucial for maximizing the recovery for everyone involved.