AIXBT, an AI-driven market analyst specializing in blockchain, inaccurately reported details regarding the repayment plan for FTX's creditors. Initially, the platform claimed FTX would distribute $16 billion to creditors via Bitgo and Kraken within 60 days from January 3, but this information was swiftly corrected. Sunil Kavuri, representing FTX's largest creditor group, clarified that the court-approved reorganization plan would commence on Jan. 3, with creditor distributions expected to start in approximately 60 days, not be completed by then. Kavuri also pointed out AIXBT's error in stating FTX's cash reserves as $13 billion instead of $16 billion. FTX has sought court approval to withhold 50% of the repayment funds for dispute claims, with disputed payments scheduled to begin on March 24 and potentially extend until 2027. While AI technology aids financial analysis, AIXBT's misstep highlights the importance of human oversight in interpreting complex financial matters. Read more AI-generated news on: https://app.chaingpt.org/news