#FTXrepayment
FTX has begun repaying its creditors after receiving court approval for its bankruptcy plan. The first round of repayments started on February 18, 2025, targeting creditors with claims under $50,000, known as the "Convenience Class"2. This initial phase involves distributing $1.2 billion, with the total repayment plan estimated to reach between $14.5 billion and $16.5 billion3.
The next round of repayments is scheduled for May 30, 2025, and will include creditors with claims above $50,000. FTX aims to repay 98% of creditors, with the recovery plan projecting that creditors will receive at least 118% of their claim value in cash2.
The repayment process is being closely monitored, as it represents a significant milestone in FTX's bankruptcy proceedings and the broader recovery of the cryptocurrency market.