#FTXrepayment FTXrepayment FTX collapsed due to mismanagement of funds, lack of liquidity, and a large volume of withdrawals. Binance announced that it would buy FTX to prevent a larger market crash, but quickly backed out of the deal when new reports of mishandling client funds emerged. Creditors of the FTX exchange were sent an email stating that the distribution of funds would begin on February 18. Initially, the compensation payments to investors affected by the platform's collapse will be limited to $50,000 per claim. After the exact start date for payments to creditors became known, the ecosystem token FTT demonstrated a 12% increase.