🔊 FTX Repayments Begin: $16B to Creditors

#FTX is officially starting its $16B creditor repayment plan today, January 3, 2025, under a court-approved reorganization.

Here's what you need to know:

🔸 Jan 3: Initial Distribution Record Date

🔸 Feb/Mar: First wave of payments (~$1.2B for claims under $50K, 119% payout)

🔸 Claims over $50K: ~$10.5B

Action Required for Creditors

1️⃣ Complete KYC

2️⃣ Submit W-8BEN Form

3️⃣ Onboard with a distribution partner (BitGo or Kraken?

#Bitcoin #Altcoins $ETH $BTC $BIO