#FTXrepayment

In November 2022, cryptocurrency exchange FTX collapsed, revealing an $8 billion shortfall in customer funds. Over two years later, in early 2025, FTX has initiated repayments to affected customers. The first distribution occurred on February 18, with subsequent payments scheduled for April 11 and May 30. FTX plans to return between €12.3 billion and €15 billion in recovered assets, utilizing platforms like BitGo and Kraken for the process. Notably, 98% of customers are expected to receive approximately 118% of their claimed amounts, potentially including up to 9% interest. This repayment plan prioritizes customer claims over governmental claims, aiming to restore trust in the cryptocurrency sector. The collapse, deemed one of the largest financial frauds in U.S. history, led to the conviction of founder Sam Bankman-Fried and associates.