#FTXRepayments #FTX $BTC FTX, the bankrupt cryptocurrency exchange, has initiated the repayment process to its creditors. On February 18, 2025, FTX began distributing $1.2 billion to creditors with claims up to $50,000, marking the first major repayment since its collapse in November 2022. The next distribution is scheduled for May 30, 2025, targeting larger claims. Creditors must verify their claims by April 11 to qualify for this round. FTX has enlisted Kraken and BitGo to facilitate these repayments. Despite these efforts, the value of FTX's native token, FTT, has declined, currently trading at $1.96, down 5.77% from the previous close.

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