#FTXrepayment

FTX has begun repayment proceedings, aiming to compensate affected customers and creditors. The bankrupt cryptocurrency exchange has recovered over $5 billion in assets, including $1.7 billion in cash. FTX plans to distribute these funds to eligible claimants. The repayment process is expected to be complex and time-consuming, with multiple stakeholders involved. FTX's new management is working to ensure transparency and fairness throughout the process, with regular updates provided to affected parties. Repayment timelines and details are yet to be finalized.