#FTXrepayment

FTX, the collapsed crypto exchange, is moving forward with a repayment plan for creditors and customers. Affected users may recover up to 90% of their claims, with repayments likely in a mix of cash and crypto. The process, expected to begin in late 2024 or early 2025, faces delays due to legal and valuation challenges. While the plan offers some relief, many remain frustrated by partial recoveries and the lengthy timeline. The FTX saga highlights the risks of centralized exchanges and has spurred calls for stronger crypto regulations. Stay updated through official channels for the latest developments.