#FTXrepayment Bankrupt cryptocurrency exchange FTX began disbursing debts to creditors with claims of less than $50,000 on Tuesday, with the company expecting to complete these initial distributions within three business days of the start date. This distribution represents the first phase of FTX’s reorganization plan under the bankruptcy court’s separation, focusing on what the company calls “blame classes” of claims, which are the smallest and most numerous classes of creditors. The repayment amounts will be calculated based on the value of customer deposits as of November 2022, when the price of Bitcoin was trading at around $17, and creditors will receive the amount of their original deposits plus 9% interest regardless of the current value of the cryptocurrencies. But is this fair in relation to the current price of Bitcoin and the price of other currencies? Have your say in the comments $BTC
