#FTXrepayment On February 18, 2025, FTX began repaying its creditors, marking a crucial step for users affected by its 2022 bankruptcy. As of 15:00 UTC, approximately $800 million has been distributed to 162,000 accounts, primarily through the Kraken platform. This first phase targets debts under $50,000, with funds available in 1 to 3 days. In total, FTX plans to return up to $17 billion to its former customers. This move marks a turning point in resolving one of the biggest crises in the crypto industry.
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