FTX has officially kicked off its payout plan, starting the process of distributing $1.2 billion to creditors.



💰 Key Details:


• Creditors with claims under $50,000 will begin receiving payouts immediately from this initial distribution pool.


• Creditors with larger claims will be compensated later from a separate pool, as per the report.



🔍 What’s Next?


• The process is expected to unfold in stages, prioritizing smaller claimants first to provide relief to a broader base.


• Updates regarding the timeline and mechanism for larger claims are anticipated soon.



⚠️ For Creditors:


• Ensure your claim details are accurate and up-to-date.


• Watch for official communication from FTX administrators for further updates.



This marks a significant milestone in the resolution of the FTX collapse, as efforts continue to restore some level of recovery for affected creditors.



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