#FTXRefunds FTX refunds have begun, with users invited to complete their requests within 60 days. Here's what you need to know ¹:

- *Refund Process*: The reorganization plan, approved in October 2024 and operational since January 3, 2025, prioritizes claims under $50,000. Users must submit requests through the official FTX website.

- *Payment Details*: Repayments will be made in fiat currency, based on November 2022 prices. This means that users will receive the value of their assets at the time of FTX's bankruptcy, without accounting for the appreciation in value since then.

- *Criticisms*: Some creditors have criticized the refund system, citing the disparity between the 2022 prices and current market levels. For example, Bitcoin's value has increased by over 400% since November 2022.

- *Refund Amounts*: 98% of users are expected to receive 119% of the declared value of their funds. The total amount to be distributed is estimated to be between $14.7 billion and $16.5 billion.

- *Timeline*: The first round of refunds began on February 18, 2025, with approximately $800 million processed so far, benefiting around 162,000 accounts. The next round of payments is scheduled for April 11, 2025.

*Key Dates:*

- *February 18, 2025*: First round of refunds began, with claims up to $50,000 being processed.

- *April 11, 2025*: Next round of payments scheduled, expanding coverage to claims over $50,000 and smaller claims not processed in the first round ².