#FTXRefunds

FTX refunds are progressing, with a plan to distribute $14.7-16.5 billion to customers. Here's what's happening

- *Refund Process*: Repayments started in February 2025 for small creditors (claims under $50,000) and will continue for larger creditors starting May 30, 2025.

- *Priority Claims*: Users with credits up to $50,000 will receive priority, with repayments initially expected to be completed within 60 days.

- *Payment Terms*: Refunds will be made in fiat currency (like USD), based on the asset values at the time of FTX's bankruptcy in November 2022.

- *Criticism*: Some users feel the refund system is unfair since cryptocurrency values have appreciated significantly since 2022. For example, Bitcoin's value has increased by over 400% since then.

*Who's Eligible

- Customers who submitted evidence to the bankruptcy administrator proving they invested with FTX and couldn't recover their funds.

- Creditors owed less than $50,000 will receive full repayment, while larger institutional creditors will receive staggered installments $BIFI