{"id":465,"date":"2024-09-30T17:32:03","date_gmt":"2024-09-30T17:32:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=465"},"modified":"2024-09-30T17:32:03","modified_gmt":"2024-09-30T17:32:03","slug":"remember-sbfs-i-didnt-stash-billions-away-the-latest-ftx-repayment-update-may-have-other-ideas","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=465","title":{"rendered":"Remember SBF&#8217;s &#8216;I Didn&#8217;t Stash Billions Away&#8217;? The Latest FTX Repayment Update May Have Other Ideas"},"content":{"rendered":"<div>\n<p>In a stark contrast to <strong>Sam Bankman-Fried<\/strong>\u2018s assertions last January, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41084342\/ftx-token-stuns-market-with-60-gains-whats-going-on-with-crypto-of-the-bankrupt-exchange-f\">recent developments suggest <strong>FTX<\/strong><\/a><strong> <\/strong>customers face a long wait for potential repayments.<\/p>\n<p><strong>What Happened<\/strong>: TV host <strong>Ran Neuner<\/strong> has shed light on the protracted timeline for FTX distributions, which are now expected to extend well into 2024 and possibly 2025.<\/p>\n<p><a href=\"https:\/\/x.com\/cryptomanran\/status\/1840415403933360283\">According<\/a> to Neuner, a crucial court hearing is scheduled for Oct. 7 to confirm FTX\u2019s Chapter 11 reorganization plan.<\/p>\n<p>If approved, this will set the stage for repayments to begin. <\/p>\n<p>However, distributions would only start within 60 days of the plan becoming effective, and initially only for claimants owed less than $50,000. <\/p>\n<p>Larger claimants may not see distributions until Q1 2025 at the earliest.<\/p>\n<p><figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.benzinga.com\/events\/digital-assets\/\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"250\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/03\/27091545\/Benzinga-conference.gif\" alt=\"Benzinga future of digital assets conference\" class=\"wp-image-267246\"><\/a><\/figure>\n<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/24\/09\/41075742\/mark-cuban-as-treasury-secretary-no-head-of-the-sec-is-the-job-hed-take-because-gary-gensler-has-bee\">Mark Cuban &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41100361\/remember-sbfs-i-didnt-stash-billions-away-the-latest-ftx-repayment-update-may-have-other-i\" alt=\"Remember\" sbf didn stash billions away the latest ftx repayment update may have other ideas>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a stark contrast to Sam Bankman-Fried\u2018s assertions last January, recent developments suggest FTX customers face a long wait for potential repayments. What Happened: TV host Ran Neuner has shed light on the protracted timeline for FTX distributions, which are now expected to extend well into 2024 and possibly 2025. According to Neuner, a crucial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-465","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=465"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/465\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}