Editor's PiCK
FTX Creditor Representative "First FTX Repayment Expected to Start on February 25"
Suehyeon Lee
Summary
- FTX is expected to start its first repayment at the end of next month.
- Creditors with claims under $50,000 must register by the 20th, and $1.2 billion has been allocated to them.
- The first repayment will start on February 25 and may be delayed until as late as March 4, depending on the situation.
There is an expectation that the bankrupt cryptocurrency exchange FTX will begin its first repayment at the end of next month.
On the 12th (local time), Sunil Kavuri, the representative of the largest FTX creditor group, stated on his X (formerly Twitter), "FTX creditors with claims under $50,000 must register by the 20th. $1.2 billion has been allocated to them, and repayment is unlikely to start until their registration is complete."
He further added, "The first repayment is likely to start on February 25, and the repayment schedule may be delayed until as late as March 4."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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