# FTX Recovery

*Lost Money on FTX? Here’s Your Chance to Recover in $17 Billion Plan!*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-10-09

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FTX is set to return nearly $17 billion to creditors after its collapse rocked the crypto world two years ago, landing founder Sam Bankman-Fried in jail. A Delaware judge has approved a plan for cash compensation, allowing affected customers to recoup about 119% of their deposits.

While this is welcome news, many users are frustrated. They’re receiving payouts based on crypto values at the time of FTX's downfall—when Bitcoin was at $20,000 and Ethereum at $1,200. Today, those prices have soared to $65,000 and $2,400, leaving some feeling shortchanged, especially those who held Solana, which has skyrocketed since then.

The repayment process is complex, as it involves creditors from over 200 countries. Once the effective date is announced, payments must be made within 60 days. For those who filed claims, updates on payout options are expected soon, with funds sourced from FTX’s asset liquidations, including a $900 million sale of its stake in AI startup Anthropic.

Stay tuned for more details on when you can get your money back!

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/ftx-recovery)*