FTX Begins $16B Creditor Repayments — First Distributions Hit Accounts
- Centralized Exchange
Starting February 18, 2025 at 10 AM ET, FTX distributed an initial $1.2B to "Convenience Class" creditors (claims under $50K) — more than 2 years after the exchange's November 2022 collapse. Total planned repayments across all phases exceed $16B, making it one of the largest creditor recoveries in crypto history.