The rumor that "FTX will pay compensation next week" is untrue. The compensation plan still needs to wait for confirmation at the hearing on October 7

According to the FTX bankruptcy case, the Delaware Bankruptcy Court will hold a confirmation hearing on FTX's bankruptcy plan at 10:00 EST on October 7 (22:00 Beijing time). On that day, the court will consider confirming FTX's proposed Chapter 11 reorganization plan and its related disclosure statement plan. If the court confirms the plan, FTX will be allowed to pay more than 98% of its customers and unsecured creditors "in full with interest" according to the US dollar price of crypto assets on November 11, 2022. In addition, according to US media Protos, the compensation may be implemented after three "comprehensive hearings" to discuss the merger of multiple claimants into a unified category, with schedules on October 22, November 20, and December 12. Odaily Note: There are currently a lot of rumors on social media that "FTX will start paying next week", which is false.