#FTXrepayment FTX, once a leading cryptocurrency exchange, collapsed in November 2022 due to mismanagement and misuse of customer funds. This led to bankruptcy proceedings and a long wait for creditors to recoup their losses.

Repayment Plan:

* Start Date: Repayments to creditors began on February 18, 2025.

* Initial Focus: The first phase of repayments targets those with claims of $50,000 or less (the "Convenience Class"). This group represents about 98% of FTX creditors.