FTX will repay $16 billion in cash, with claims processing starting on January 3 next year.

PANews, December 29 - HODL15Capital tweeted that FTX will begin repaying $16 billion in cash, with claims processing starting on January 3, 2025.

According to previous news, FTX announced that its court-approved Chapter 11 reorganization plan will take effect on January 3, 2025, and this will be set as the record date for the first distribution.