On November 2022, the FTX platform began reimbursing users affected by its collapse after the court approved the reorganization plan in October 2024. Here are the details about the reimbursement process ¹ ²:

- *Reimbursement Plan*: The plan aims to distribute between $14.7 billion and $16.5 billion to users, representing about 118% of the value of the assets in their accounts at the time of the collapse.

- *Priority*: Users with claims of less than $50,000 are given priority, and they will be reimbursed within 60 days of starting the process, by March 2025.

- *Method of Reimbursement*: Funds will be reimbursed in US dollars, based on the value of the assets in November 2022, not in cryptocurrencies. This means that some users may find the reimbursement process unfair due to the decline in the value of cryptocurrencies at that time compared to their current value.

- *Collaboration*: FTX is working with Kraken and BitGo platforms to ensure the safe and transparent distribution of funds.

- *Controversy*: Some users raise concerns about the reimbursement plan not taking into account the increase in the value of cryptocurrencies since 2022, which could lead to only a portion of the current asset value being reimbursed.

This reimbursement process is expected to close this painful chapter in the history of cryptocurrencies, providing justice for the affected. However, there remain legal and regulatory challenges to ensure preventing similar collapses in the future.