#FTXrepayment As of February 20, 2025, FTX has initiated the repayment process to its creditors, more than two years after its collapse in November 2022. The first phase commenced on February 18, 2025, targeting creditors with claims of $50,000 or less, known as the "Convenience Class." These creditors are receiving full repayment of their claims plus an additional 9% annual interest accrued since November 2022, amounting to approximately $1.2 billion in total payouts.