$BTC

As of February 19, 2025, FTX has initiated the repayment process to its creditors, following its collapse in November 2022. The first distribution occurred on February 18, 2025, targeting creditors with claims of $50,000 or less, who are receiving full repayment plus 9% annual interest accrued since November 11, 2022.

Subsequent repayment rounds are scheduled for April 11 and May 30, 2025. FTX plans to distribute between €12.3 billion and €15 billion in recovered assets through cryptocurrency platforms like BitGo and Kraken. Notably, 98% of customers are expected to receive approximately 118% of their claimed amounts.

To facilitate smooth transactions, creditors are required to complete Know Your Customer (KYC) procedures, submit tax forms, and verify their claims.

These repayments mark a significant milestone in addressing the financial losses incurred by FTX's customers and creditors.