FTX will start repaying creditors from February 18, 2025
FTX creditor representative Sunil disclosed on X that FTX plans to start debt repayment from 10 a.m. Eastern Time on February 18, 2025. This repayment will prioritize creditors with claim amounts less than $50,000.
It is reported that the repayment amount will include 100% of the adjudicated claim amount (up to $50,000), and an additional compensation of a 9.0% annual interest since November 11, 2022 until the initial distribution date will be provided.
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