FTX (FTT) Price Surges 28% as Reorganization Plan Offers Hope to Creditors

After nearly two years of uncertainty, FTX creditors finally have some good news on the horizon. The much-anticipated reorganization plan is set to begin in January 2025

The FTX bankruptcy estate provided some clarity, laying out a timeline for creditor and customer reimbursements.

With the FTX reorganization plan in motion and initial payouts expected by March 2025, this progress has brought a wave of optimism to a community that’s been in limbo for nearly two years. It’s a bit of a “light at the end of the tunnel” moment, sparking renewed interest in FTT.

What’s also fueling this surge is the estate’s determination to recover as much as possible for creditors. Over the past couple of months, FTX has been busy filing lawsuits against crypto exchanges like KuCoin and Crypto.com, aiming to claw back millions in assets they believe belong to the bankruptcy estate.

These actions are a clear signal that FTX’s leadership isn’t just sitting back—they’re taking active steps to make things right. That kind of commitment is likely giving the market some added confidence in the process.

At the same time, there’s a bit of tension in the air. Some creditors aren’t thrilled with the repayment plan, mainly because the amounts are based on cryptocurrency prices from the petition date when the market was in a slump. This has created a buzz, with some speculating that FTT could play a bigger role in the recovery process, possibly driving up demand.

Looking ahead, FTT’s price could keep climbing as we inch closer to the reimbursement dates, especially if the estate continues to show progress. But let’s not forget—things could go sideways if lawsuits don’t pan out or if there are delays in payouts. For now, though, the rising price of FTT feels like a mix of hope, excitement, and maybe a touch of speculation as the market reacts to these long-awaited updates.