briefly about #FTXrepayment - FTX Payments: Main

On February 18, 2025, FTX began payments of $1.2 billion to small creditors as part of a $16 billion plan. Settlements based on November 2022 prices (Bitcoin: $16k → $98k; Ethereum: $1.2k → $2.7k) sparked controversy. Creditors demand the return of crypto assets, but the SEC insists on dollars. The initial payments boosted Bitcoin (+$2k) and Ethereum (+$150), however, the effect is limited (7.3% of the total plan). Risks of delays due to lawsuits and misinformation. The case highlights the need for standards in asset storage and regulatory harmonization.