#FTXrepayment As of February 20, 2025, FTX has initiated its creditor repayment process, focusing initially on creditors with claims under $50,000. These repayments are being facilitated through platforms like Kraken and BitGo. 

Regarding Binance, there is no official information indicating that FTX repayments are being processed through their platform. In November 2024, FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to recover approximately $1.76 billion related to a 2021 share repurchase deal.  This legal action is separate from the ongoing repayment process to FTX creditors.

Therefore, if you are an FTX creditor, it’s advisable to monitor official communications from FTX and consult the platforms designated for repayments, such as Kraken and BitGo, for the most accurate and up-to-date information.