🚨 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:
🔹 Jan 3: Initial Distribution Record Date
🔹 Feb/Mar: $1.2B first wave for claims under $50K (119% payout)
🔹 Claims over $50K: ~$10.5B set for later