#FTXrepayment #FTXrepayment : FTX, the bankrupt cryptocurrency exchange, has begun its first round of repayments to creditors, distributing approximately $1.2 billion as of February 18, 2025. This initial phase focuses on creditors with claims of $50,000 or less, who are receiving full repayments with 9% annual interest. The overall repayment plan is substantial, with more than $16 billion expected to be distributed to creditors. The next round of repayments is scheduled for May 2025, as FTX continues its efforts to address claims resulting from its collapse in late 2022.