💸 FTX Repays $1.6B to Creditors

[lingriiddd]

Small claimants (<$50K) get 120% of principal, while larger claimants see 78.2% total recovery.
US customers recover ~40%, global customers ~95%. Funds distributed via BitGo, Kraken, and Payoneer.
A major milestone in FTX’s bankruptcy process!

[Abdul Khan]

FTX payouts give small claimants 120% and mark real progress in the long bankruptcy saga.

[Rimon Khan]

With global customers at ~95% recovery, this is a rare win in a collapsed exchange case.