FTX Kickstarts $1.2B Creditor Payout Post-Trump Inauguration; Crypto Reinvestment on the Rise for 2025
- FTX is set to repay US$1.2B to creditors, prioritising claims under US$50K. BitGo and Kraken will oversee the repayment process.
- The repayment plan, using cryptocurrency values from FTX’s bankruptcy, has drawn criticism for not reflecting current market prices.
FTX, the bankrupt cryptocurrency exchange, is gearing up to repay its creditors, with the process starting early this year.
Related: Michael Saylor Champions Bitcoin as Superior to ‘Toxic’ Bonds in Corporate Strategy Shift
The initial payout will prioritise smaller creditors, with claims under US$50K (AU$80.7K) being part of US$1.2B (AU$1.94B) in payments. Under the restructuring plan approved in October 2024, 98% of FTX users may recover…
