#FTXrepayment

FTX is set to begin creditor repayments on February 18, 2025, starting with claims under $50,000. These repayments will be processed through BitGo and accessible via the FTX Digital Claim Portal. Eligible creditors will also receive 9% annual interest on their claims, calculated from November 11, 2022, when FTX filed for bankruptcy .

The total repayment amount is expected to reach $16 billion, with the first phase focusing on $1.2 billion in payouts. FTX has also been liquidating assets, including significant Solana (SOL) holdings, which has impacted market prices .

Larger creditors (those with claims above $50,000) are still waiting for a confirmed payout schedule. The bankruptcy process is ongoing, with further updates expected in the coming months .