For those of you who have remaining funds through FTX and qualify as an 'eligible creditor', you have most likely received a notification from them in the mail.

Below are the details of this notification (at least the details from the notification I received).

Document title: Notification regarding the proposed plan in the case of FTX bankruptcy

Main subject:

You have been identified as an 'eligible creditor' in the FTX bankruptcy proceedings. This means that you had funds or assets in your FTX account at the time the platform closed (November 2022), and now you can receive some of your money back.

What you need to know:

Proposed restructuring plan:

FTX proposes a plan whereby creditors (that is, people like you) will receive a portion of the recovered assets.

It is not promised that you will receive 100% of what you had, but you are entitled to recover a proportional part.

What do you need to do?

If you agree with the plan, you don’t need to do anything right now.

If you disagree or want to vote against the plan, you will need to submit a form by the deadline (which will be announced).

Where do you fit as a creditor?

You are listed as a 'General Creditor' – meaning an ordinary FTX user.

You will receive a notification with the exact amount you are owed and how you can claim it.

When will you receive the money?

After the final approval of the plan, which is estimated to be in the coming months.

Payments will likely be made in several installments and may take time.

In short, what you are entitled to as an FTX creditor:

You have the right to receive a portion of the money lost on FTX.

You don’t need to do anything right now if you agree with the proposed plan.

You will receive more details (amount, steps to follow) in a future notification.

The money will come, but it will take a few more months.