🚨 FTX Will Start Paying Creditors on February 18, 2025! 🚨

FTX Digital Markets, FTX’s Bahamas subsidiary, will begin repaying creditors on February 18, 2025.

🔹 Who will be paid first?

✅ Creditors with claims under $50,000 will receive 100% of their funds back + 9% interest per annum starting November 11, 2022.

✅ The distribution process will be done through BitGo, a crypto asset custodian platform.

🔹 What about larger creditors?

⚠️ Creditors with larger claims still do not have a definite timetable for repayment.

🔹 Things to Know:

📌 Refunds are calculated based on the asset price in November 2022.

📌 For example, Bitcoin was around $17,000 at the time, while it is now closer to $100,000.

📌 This means that lenders do not benefit from any increase in the asset price after November 2022.

🔗 Lenders are advised to check their email or contact an official FTX representative for more information.

💬 What do you think about this payment? Is this a fair move for FTX lenders? Discuss in the comments! 👇

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