FTX’s repayment plan was approved in the U.S. last October, with the exchange planning to distribute up to $16.5 billion to affected customers. The settlement will end a problem that began in November 2022 after the cryptocurrency exchange filed for bankruptcy, leaving millions of customers around the world locked out of their exchange accounts.

Regarding the approval of the payments, current FTX CEO John Ray noted the exchange’s commitment to returning 100% of bankruptcy claims plus interest for non-state creditors. He also said that FTX customers awaiting repayments are located in more than 200 jurisdictions around the world.$FTT $CHR $NEIRO #2024withBinance