#FTXrepayment

🔅 FTX, the cryptocurrency exchange that collapsed in 2022, has announced its repayment plan for creditors. Starting February 18, 2025, those with claims of $50,000 or less will be fully repaid, including interest. This "Convenience Class" represents 98% of claimants.

The repayments are based on the value of assets at the time of FTX's bankruptcy. While this is a positive step, some creditors, particularly those with larger sums or those whose assets have significantly increased in value since the collapse, may not be fully satisfied. The plan marks a crucial moment in the crypto industry's recovery and could influence future regulations.