#FTXrepayment

Repayment refers to the process of repaying creditors and users affected by the bankruptcy of the FTX cryptocurrency exchange in 2022. Following its collapse, FTX entered bankruptcy and began a lengthy legal process to recover assets and return funds to customers.

In 2024, FTX announced plans for repayment using funds recovered from liquidations and legal settlements. However, due to market volatility and the conversion of cryptocurrencies to cash, some users will receive less than they had in their accounts.

This process is still under development and depends on court decisions and the administration of recovered assets.