#FTXrepayment customers, investors, and partners who lost money. The refunds will be distributed to FTX users, institutional investors, and other creditors.

The refunds will be issued in stages, starting in 2025. FTX has so far recovered $16 billion, but there are concerns about whether this will be enough to fully compensate.

The refunds could help restore confidence in the crypto market, but could also create selling pressure as more people withdraw their funds.