#FTXrepayment According to several reports on social media, FTX has liquidated 41 million SOL in three auctions, as part of its bankruptcy proceedings to repay customer funds. The largest buyer was Galaxy Digital, which acquired 25.52 million SOL at a price of $64 per token. With Solana’s price having risen since the exchange went bankrupt, Galaxy’s return rate now stands at 187%.The second-largest purchase was made by Pantera, accompanied by a consortium of buyers, who secured 13.67 million SOL at $95 per token, resulting in a 93% return rate. Other buyers managed to acquire 1.8 million SOL at $102, and will take up an 80% profit.FTX’s creditor repayment process will officially commence on February 18, 2025, at 3 AM UTC, as revealed in a February 13 X post by Web3 investment firm Monolith.vc. The first batch of repayments will reportedly target creditors with claims under $50,000, totaling approximately $1.2 billion.
