🚹 FTX Repayments Begin: $16B to Creditors 🚹

Starting today, Jan 3, 2025, FTX kicks off its $16B repayment plan under court approval. Here’s the breakdown:

đŸ”č Jan 3: Initial Distribution Record Date

đŸ”č Feb/Mar: $1.2B first wave for claims under $50K (119% payout)

đŸ”č Claims over $50K: ~$10.5B set for later

#FTX #CryptoNewss #Crypto