#FTXRefunds The FTX platform began repaying funds to users affected by its collapse in November 2022, after the court approved the reorganization plan in October 2024. Here are the details regarding the repayment process ¹ ²:

- *Repayment Plan*: The plan aims to distribute between 14.7 billion and 16.5 billion dollars to users, representing about 118% of the value of the assets in their accounts at the time of the collapse.

- *Priority*: Priority is given to users with claims of less than 50,000 dollars, who will be repaid within 60 days from the start of the process, by March 2025.

- *Method of Repayment*: Funds will be repaid in US dollars, based on the value of assets in November 2022, not in cryptocurrencies. This means that some users may consider the repayment process unfair due to the decline in the value of cryptocurrencies at that time compared to their current value.

- *Collaboration*: FTX is working with Kraken and BitGo platforms to ensure that funds are distributed securely and transparently.

- *Controversy*: Some users raise concerns about the repayment plan's failure to take into account the increase in the value of cryptocurrencies since 2022, which may result in repayment of only a portion of the current value of the assets.

This repayment process is expected to close this painful chapter in the history of cryptocurrencies, providing justice for the affected parties. However, there remain legal and regulatory challenges to ensure that similar collapses are prevented in the future.