FTX’s $16B repayments start March 2025; disputed claims may delay payouts by up to 3 years.
AI agents spread misinformation, causing confusion over FTX repayment timeline.
FTT token surged 5% following inaccurate AI reports on repayment dates.
An FTX creditor has called out a popular AI agent for spreading false information about FTX’s upcoming claims distribution. At the center of this controversy is FTX’s highly anticipated creditor repayment plan, which totals over $16 billion and will reimburse thousands of creditors who lost funds in the exchange’s collapse in November 2022.
FTX Repayments
False: Distribution does not start 3rd Jan and $16bn within 60 days
Approx No.
FTX Cash: $13bn now/ $14bn Mar
VC port, lawsuits: $5bn – $7bn
FTX Disputed claims reserve (50%): $7bn
– Not distributed initially
Mar 25: $7bn cash Distributed
Then disputed… pic.twitter.com/SdICpfkEgG
— Sunil (FTX Creditor Champion) (@sunil_trades) December 30, 2024
FTX’s $16 Billion Repayment Plan
The failed crypto exchange received approval from a U.S. court in October 2024 for its repayment plan. This plan allows FTX to distribute $16.5 billion to its creditors over a 60-day perio…
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