As of February 19, 2025, the progress of FTX's creditor compensation plan is as follows:

### I. Latest Progress of the First Phase of Compensation

1. **Start Time and Amount**

FTX initiated the first phase of creditor repayment on February 18, 2025, with an amount ranging from $6.5 billion to $7 billion, prioritizing creditors with claims below $50,000. The compensation amount is calculated based on cryptocurrency prices from November 2022 and includes a 9% annual interest from November 11, 2022, to the distribution date.

2. **Completion Status of the First Round Distribution**

According to the latest news on February 19, the exchange Kraken has completed the initial fund distribution, providing compensation payments to over 46,000 creditors. Users are expected to receive funds within 1 to 3 business days.