#FTXRefunds

FTX refunds are underway, with significant developments unfolding. Here's what you need to know¹ ² ³:

- *Refund Process*: FTX has started distributing funds to creditors, prioritizing claims under $50,000. The repayment plan aims to distribute between $14.7 billion and $16.5 billion to customers.

- *Timeline*: Refunds began on February 18, 2025, with a 60-day window for processing payments. A second round of payments is scheduled for April 11, 2025, expanding to larger claims.

- *Payment Details*: Refunds are calculated based on asset values at the time of FTX's bankruptcy in November 2022. Creditors will receive payments in USD or stablecoin, with a 9% annual interest boost.

- *Eligibility*: Creditors with claims under $50,000 are being prioritized, while those with larger claims will be addressed in subsequent phases.

- *Jurisdictional Issues*: Some countries, including Russia, China, Egypt, Nigeria, and Ukraine, are currently ineligible for repayment due to jurisdictional restrictions. FTX is reviewing options for these creditors.

- *Reinvestment Plans*: A survey of over 1,000 FTX creditors shows nearly 80% plan to reinvest their recovered funds, with 62% considering Solana as their primary choice.

Keep in mind that the refund process is complex and subject to ongoing litigation and bankruptcy protection, which may impact recovery amounts and timelines.