#FTXrepayment FTX has begun its repayment process, starting with creditors who had claims under $50,000, totaling $1.2 billion in initial distributions.¹ This marks a significant step in the company's efforts to compensate users who lost funds during its collapse in 2022.

The repayment process is expected to continue, with the next round of distributions scheduled for May 30, 2025.² This round will include claims for a value above $50,000, and creditors will need to choose a distribution agent by April 11, 2025.

It's worth noting that the repayment amounts are based on the asset values at the time of FTX's collapse in November 2022, which may be lower than current market values.³ This has led to some dissatisfaction among creditors, who may receive only a fraction of their original assets.

Overall, FTX's repayment process is a complex and ongoing effort, with multiple rounds of distributions planned.⁴