PANews reported on February 11 that according to Cointelegraph, FTX will begin repaying $16 billion in creditor debts on February 18, 2025, with $6.5 billion to $7 billion to be repaid in the first phase. The compensation will be calculated based on the price in November 2022.
Earlier news , Sunil, a representative of FTX creditors, disclosed on X that FTX plans to start debt repayment from 10 a.m. Eastern Time on February 18, 2025. The repayment will give priority to creditors with claims of less than $50,000.
