#FTXrepayment

FTX, the cryptocurrency exchange that collapsed in 2022, has begun repaying its creditors. Here's a summary of the situation as of February 19, 2025:

Key Points:

* Repayments have started: FTX began repayments to creditors on February 18, 2025.

* Prioritizing small claims: The first round of repayments focuses on smaller claims, those under $50,000.

* $1.2 billion in initial payouts: FTX aims to distribute $1.2 billion in this first phase.

* Controversy over valuation: The repayment plan has faced criticism because FTX is using the value of assets from November 2022 (when