#FTXrepayment

Cryptocurrency marketplace FTX is set to pay $1.2 billion to its creditors, marking the first major distribution since the exchange’s collapse in 2022.

The payments will prioritize creditors with claims under $50,000. The payment is part of ongoing bankruptcy proceedings following FTX’s downfall, which resulted in an estimated $9 billion in industry-wide losses.$BTC $BTC $XRP